Usufruct
R.S. 37:1783

Nature of the pawn transaction ACTIVE

The pawn transaction constitutes a service and vests the pawnbroker with the right of causing the debt to be satisfied by privilege and in preference to all other creditors, secured and unsecured, perfected or not. The pawnbroker can be compelled to return the security only when he has received the whole payment of the principal as well as the interest, service charges, and costs. A pawn transaction shall be considered a loan.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1993, No. 391, §1, eff. Sept. 1, 1993
  • amendment Acts 1997, No. 235, §1

Section navigation

Cite R.S. 37:1783

Bluebook
La. Rev. Stat. Ann. § 37:1783 (2026).
Permalink
https://theusufruct.com/rs/title-37/section-1783
BibTeX
@misc{larevstat-37-1783,
  title        = {La. Rev. Stat. Ann. § 37:1783},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-37/section-1783},
  note         = {Snapshot 2026-05-22}
}