Usufruct
R.S. 9:2947

Penalty for violations ACTIVE

Any person who sells by bond for deed contract any real property encumbered by mortgage or privilege without first obtaining and recording the guarantee required by R.S. 9:2942, shall be fined not more than one thousand dollars, or imprisoned for not more than six months, or both.

Any seller in a bond for deed contract of property encumbered with a mortgage or privilege, who requires promissory notes to represent the purchase price or any portion thereof, shall be fined not more than one thousand dollars, or imprisoned for not more than six months, or both.

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JSON Markdown Source (legis.la.gov)

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History

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Cite R.S. 9:2947

Bluebook
La. Rev. Stat. Ann. § 9:2947 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-2947
BibTeX
@misc{larevstat-9-2947,
  title        = {La. Rev. Stat. Ann. § 9:2947},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-2947},
  note         = {Snapshot 2026-05-22}
}