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Code · Louisiana · Louisiana Revised Statutes

CCP 2374

68 words·~1 min read·/la/2374-2

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CCP 2374
Art. 2374. Property subject to superior mortgage; payment of price
If there is a security interest, mortgage, lien, or privilege on the property superior to that of the seizing creditor, the purchaser shall pay to the sheriff only that portion of the sale price which exceeds the amount of the superior security interest, mortgage, lien, or privilege.
Acts 1989, No. 137, §18, eff. Sept. 1, 1989.
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