La. Civ. Code art. 2791
This is the official text of La. Civ. Code art. 2791, 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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Enforcement of the annuity charge
Official statutory text
Upon failure of payment of amounts due under a contract establishing an annuity charge, the recipient may obtain judgment for the amounts due and may enforce the judgment by execution upon the immovable subject to the annuity charge in accordance with law.
The adjudication extinguishes the annuity charge for all amounts for which judgment was rendered as well as all charges and encumbrances on the immovable inferior to the annuity charge but does not extinguish the annuity charge for amounts thereafter becoming due under the contract.
Acts 2012, No. 258, ยง1, eff. Jan. 1, 2013.
The adjudication extinguishes the annuity charge for all amounts for which judgment was rendered as well as all charges and encumbrances on the immovable inferior to the annuity charge but does not extinguish the annuity charge for amounts thereafter becoming due under the contract.
Acts 2012, No. 258, ยง1, eff. Jan. 1, 2013.
Status: in_force · Read it on the official government site
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