La. Civ. Code art. 2562
This is the official text of La. Civ. Code art. 2562, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Dissolution of sale of immovables for nonpayment of price; extension of time for payment
Official statutory text
When an action is brought for the dissolution of the sale of an immovable and there is no danger that the seller may lose the price and the thing, the court, according to the circumstances, may grant the buyer an extension of time, not in excess of sixty days, to make payment, and shall pronounce the sale dissolved if the buyer fails to pay within that time. When there is such a danger, the court may not grant the buyer an extension of time for payment.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
Acts 1993, No. 841, ยง1, eff. Jan. 1, 1995.
Status: in_force · Read it on the official government site
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