La. Code Civ. Proc. art. 2338
This is the official text of La. Code Civ. Proc. art. 2338, part of Louisiana’s Code of Civil Procedure — sets the procedural rules for civil lawsuits in Louisiana courts.
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Judgment creditor having superior privilege; price insufficient to satisfy inferior mortgage
Official statutory text
A. If the security interest, mortgage, lien, or privilege of the seizing creditor is superior to other security interests, mortgages, liens, and privileges on the property, he may require that the property be sold, even though the price is not sufficient to satisfy his or the inferior security interests, mortgages, liens, and privileges.
B. If the seizing creditor is not present or represented at the sale, the property shall not be sold for less than the amount necessary to fully satisfy his writ plus the costs.
Acts 1987, No. 939, §1; Acts 1989, No. 137, §18, eff. Sept. 1, 1989.
B. If the seizing creditor is not present or represented at the sale, the property shall not be sold for less than the amount necessary to fully satisfy his writ plus the costs.
Acts 1987, No. 939, §1; Acts 1989, No. 137, §18, eff. Sept. 1, 1989.
Status: in_force · Read it on the official government site
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