La. R.S. § 9:5302
This is the official text of La. R.S. § 9:5302, part of Louisiana’s R.S — part of the compiled statutory law of Louisiana, published by the state as "R.S." Browse the sections below, each linked to its official government source.
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Tit. 9, § 5302. Fiduciary as mortgagee in trust for creditors
Official statutory text
A fiduciary for the holders of the obligations secured by the mortgage may be named in the act as mortgagee in trust for the benefit of the creditors. He shall be irrevocably appointed special attorney-in-fact for the holders of the obligations and vested with full power in their behalf to effect and enforce the mortgage for their benefit.
Status: in_force
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