La. Stat. tit. 9 § 2144
Current with operative changes from the 2024 Third Special Legislative Session
Receipts paid or delivered in return for the use of property forming a part of principal are income, unless this Subpart expressly provides to the contrary.
Receipts paid or delivered in consideration for the sale or other transfer of property forming a part of principal or as the replacement of property forming a part of principal are principal unless this Subpart expressly provides to the contrary.
La. R.S. § 9:2144