La. Code Civ. Proc. art. 4323
This is the official text of La. Code Civ. Proc. art. 4323, part of Louisiana’s Code of Civil Procedure — sets the procedural rules for civil lawsuits in Louisiana courts.
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Minimum price; subsequent offering
Official statutory text
The property shall not be sold if the price bid by the last and highest bidder is less than the minimum price fixed by the court. In that event, on the petition of the tutor, the court may order another offering, with the same formalities as for an original offering, at a lower minimum price.
Status: in_force · Read it on the official government site
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