A privilege, if not otherwise extinguished, is extinguished as to movable property other than hydrocarbons, the obligations and proceeds derived from the disposition of hydrocarbons, and drilling or other rigs, when the property is transferred by an onerous transaction to a third person who is in good faith and it is removed from the well site.
R.S. 9:4866 active rs title
Extinction as to movable property ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1960, No. 31, §1
- amendment Acts 1995, No. 962, §1