La. Rev. Stat. § 9:3163
This is the official text of La. Rev. Stat. § 9:3163, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Rejection of indorser of purchase price notes, effect on adjudication
Official statutory text
When a thing is exposed to public sale, with notice that the buyer shall give indorsed notes for the price, he is bound, immediately after the sale, if required, to acquaint the auctioneer or the seller with the name of the person whom he offers for indorser, and if this indorser does not suit the seller, or in his absence the auctioneer, the adjudication is considered as not having been made.
Redesignated by Acts 1993, No. 841, §2, eff. Jan. 1, 1995.
Redesignated by Acts 1993, No. 841, §2, eff. Jan. 1, 1995.
Status: in_force · Read it on the official government site
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