Understanding Property Under Louisiana Law
About
About Property Law In Louisiana
This resource covers the different ways Louisiana law categorizes property. All property can be categorized as:
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Movable or Immovable, and
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Corporeal or Incorporeal.
Links To The Law
- Art. 5251. Words and terms defined
- Art. 530. Presumption of ownership of movable
- Art. 531. Proof of ownership of immovable
- Art. 532. Common author
- Art. 2627. Right of first refusal, time for acceptance
- Art. 2628. Time limitation for option and right of first refusal
- Art. 2629. Effect against third persons
- Art. 2673. The thing
Movable Vs. Immovable Property
About Movable Property
Moveables are pieces of property that can be moved from one location to another. Your personal property like clothes, jewelry, househould goods, furniture, appliances, etc. are considered moveable property. Bigger things like cars and recreational vehicles are also moveables. Mobile homes / trailers are by default moveables, but they can be made into immovables if certain steps are taken.
About Immovable Property
Immovables i.e. immovable property are things that in general, cannot be moved from one location to another. Immovable property includes things like land, trees, crops and fruits, and buildings / homes that are not capable of being moved.
Links To The Law
- Art. 5251. Words and terms defined
- Art. 530. Presumption of ownership of movable
- Art. 531. Proof of ownership of immovable
- Art. 532. Common author
- Art. 2627. Right of first refusal, time for acceptance
- Art. 2628. Time limitation for option and right of first refusal
- Art. 2629. Effect against third persons
- Art. 2673. The thing
Corporeal Vs. Incorporeal Property
About Corporeal Property
In civil law, corporeal property is the ownership of material things. It is ownership of a thing that has physical existence. E.g. Ownership of land, money, building.
About Incorporeal Property
Incorporeal property is property that is not physical in touch or form, such as a right to something. E.g. stocks and shares, copyrights and patents. Incorporeal property must be assigned (i.e. mode of transfer of property) to someone, usually by a written document.
Links To The Law
- Art. 5251. Words and terms defined
- Art. 530. Presumption of ownership of movable
- Art. 531. Proof of ownership of immovable
- Art. 532. Common author
- Art. 2627. Right of first refusal, time for acceptance
- Art. 2628. Time limitation for option and right of first refusal
- Art. 2629. Effect against third persons
- Art. 2673. The thing