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La. R.S. 9:5701

Debts due charitable or educational institution or fund

Acts 1999, No. 1011, §1; Acts 2003, No. 184, §1, eff

SUBPART F. THIRTY YEARS

§5701. Debts due charitable or educational institution or fund

A. For purposes of this Section "writing" shall have the same meaning as provided in Code of Evidence Article 1001.

B. Except as provided in Subsection C of this Section, actions for debts including student loans, stipends, or benefits due to any charitable or educational institution in the state or to any fund bequeathed for charitable or educational purposes, or educational obligations owed to the state or its agencies, other than obligations created under the Federal Family Education Loan Program, are prescribed by thirty years, provided the debt is evidenced in writing.

C. Actions for debts, due to public institutions of higher education in this state, other than student loans, stipends, or benefits are prescribed by ten years, provided the debt is evidenced in writing.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.