In the absence of a preference authorized or established by legislation, an obligor's property is available to all his creditors for the satisfaction of his obligations, and the proceeds of its sale are distributed ratably among them.
Article 3134 active cc book
Ratable treatment of creditors ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015