ARTICLE 1811.

A partner is co-owner with his partners of specific

partnership property.

The incidents of this co-ownership are such that:

(1) A partner, subject to the provisions of this Title and to any

agreement between the partners, has an equal right with his
partners to possess specific partnership property for partnership
purposes; but he has no right to possess such property for any
other purpose without the consent of his partners;

(2) A partner's right in specific partnership property is not

assignable except in connection with the assignment of rights of
all the partners in the same property;

(3) A partner's right in specific partnership property is not subject

to attachment or execution, except on a claim against the
partnership. When partnership property is attached for a
partnership debt the partners, or any of them, or the
representatives of a deceased partner, cannot claim any right
under the homestead or exemption laws;

(4) A partner's right in specific partnership property is not subject

to legal support under article 291. (n)

Partnership property is owned by the partnership entity and not by the

individual partners.

1. A partner has equal rights with his co-partners to POSSESS the property BUT
only for PARTNERSHIP PURPOSES.
 He may possess such property for other purposes PROVIDED the other
partners expressly or impliedly gives their CONSENT

2. He CANNOT ASSIGN his right to the property EXCEPT if all the other
partners assign their rights in the same property.

3. His right to the property is NOT SUBJECT to ATTACHMENT or EXECUTION,

EXCEPT on a claim against partnership.

4. His right to the property is NOT SUBJECT to LEGAL SUPPORT.

If there is PARTNERSHIP DEBT, the specific property can be attached.

ARTICLE 1812. A partner's interest in the partnership is his share
of the profits and surplus. (n)

•Each partner owns his or her “interest in the partnership”.

Profit-the excess of returns over expenditure in a transaction or series of

transactions; or net income of the partnership for a given period of time

Surplus- the assets of the partnership after partnership debts and

liabilities are paid and settled and the rights of partners among
themselves are adjusted.

•Interest can be subject for execution, attachment and legal support.