La. Civ. Code art. 520
This is the official text of La. Civ. Code art. 520, 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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Transfer of ownership by merchant
Official statutory text
Except as otherwise provided by legislation, a transferee in good faith and for fair value acquires ownership of a corporeal movable from a transferor who is not the owner only if the transferor has possession of the thing with consent of the owner, is a merchant customarily selling similar things, and transfers the thing in the regular course of the transferor's business.
Acts 2023, No. 401, ยง1.
Acts 2023, No. 401, ยง1.
Status: in_force · Read it on the official government site
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