Art. 2786.  Existence of recipient

When an annuity is established in favor of a natural person, that person must exist or be in utero at the time of the formation of the annuity contract.

When an annuity is established in favor of a juridical person, that person must likewise exist at the time of the formation of the annuity contract.

Acts 2012, No. 258, §1, eff. Jan. 1, 2013.