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Code · Louisiana · Louisiana Revised Statutes

CC 3255

77 words·~1 min read·/la/3255

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CC 3255
Art. 3255. Order of payment when available movables insufficient.
But when part of the movables are subject to special privileges, and the remainder of the movables are not sufficient to discharge the debts having a privilege on the whole mass of movables, or if there be equality* between the special privileges, the following rules shall direct the determination.
*In this context, the French word "concurrence" would be translated more properly by "competition" than by "equality."
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