Louisiana 2017 2017 Regular Session

Louisiana House Bill HB115 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 197 (HB 115) 2017 Regular Session	Cromer
Existing law (C.C. Art. 2350) provides for the alienation of movable assets of a business.
New law retains existing law and adds a definition of "community enterprise".
Existing law (C.C. Art. 2369.3) provides a duty to preserve former community property
including a former community enterprise.
New law retains the duty to preserve all former community property and removes the specific
provision regarding the duty to preserve and manage prudently a former community
enterprise.
Existing law (C.C. Art. 2375) provides for the effect of a judgment of separation of property
when the spouses reconcile after filing for divorce but prior to obtaining a divorce.
New law retains existing law and further provides for the effect of reconciliation on a
judgment of separation of property when the spouses have lived separate and apart, filed for
divorce, and then obtained a judgment of separation of property.
Effective August 1, 2017.
(Amends C.C. Arts. 2350, 2369.3, and 2375)