LA · rules
La. Code Civ. Proc. art. 2292
Privilege of creditor on seized property; successive seizures
A. To the extent not otherwise governed under Chapter 9 of the Louisiana Commercial Laws (R.S. 10:9-101, et seq.), a seizing creditor, by the mere act of seizure, acquires a privilege on the property seized, which entitles him to a preference over ordinary creditors.
B. When several seizures of the same property are made by ordinary creditors, the seizing creditors acquire a privilege and are entitled to a preference among themselves according to the order of their seizures.
History
Acts 1989, No. 137, §18, eff. Sept. 1, 1989.
Provenance
- Source
- legis.la.gov
- Retrieved
- 2026-09-15
- Edition
- 2026-09-15
- Content hash
b40fbbdd3962fbc599011248d283d0e37e35a843c8f93423f0c8d8789012148c
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