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Code · Louisiana · Title 45 — Public Utilities and Carriers

RS 45:390

88 words·~1 min read·/la/title-45/45-256

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RS 45:390
§390. Foreclosure of mortgages; prior liens; restrictions on purchasers
Nothing contained in R.S. 45:386 through 45:389 shall be construed so as to interfere in any manner with valid prior mortgages, if any, upon the property, rights, franchises, or privileges of the road sold. In no case shall the purchaser at any mortgage or foreclosure sale have any of the rights conferred by R.S. 45:386 through 45:389, regardless of the date of the mortgage under which the sale is made, unless the purchasers comply with R.S. 45:386.
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