Usufruct
Article 3311

Mortgage securing several obligations ACTIVE

In the absence of contrary agreement, the proceeds realized from enforcement of the mortgage shall be apportioned among several obligations secured by the mortgage in proportion to the amount owed on each at the time of enforcement.

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JSON Markdown Source (legis.la.gov)

References

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Cited by

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History

  • enactment Acts 1992, No. 1132, §2, eff. Jan. 1, 1993. {{NOTE: FORMER ART. 3311 REPEALED BY ACTS 1992, NO. 1132, §1, EFF. JAN. 1, 1993

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Cite Article 3311

Bluebook
La. Civ. Code art. 3311 (2026).
Permalink
https://theusufruct.com/cc/3311
BibTeX
@misc{lacivcode-art-3311,
  title        = {La. Civ. Code art. 3311},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/3311},
  note         = {Snapshot 2026-05-22}
}