CHAPTER 2.  ANNUITY CHARGE

Art. 2787.  Annuity charge

An annuity contract transferring an immovable may provide for the establishment of a charge on the immovable for the periodic payments due under the contract.  In such a case, the recipient in whose favor the annuity was established acquires a real right for periodic payments. The establishment of the annuity charge must be express and in writing.

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