Usufruct
R.S. 9:5302

Fiduciary as mortgagee in trust for creditors ACTIVE

A fiduciary for the holders of the obligations secured by the mortgage may be named in the act as mortgagee in trust for the benefit of the creditors. He shall be irrevocably appointed special attorney-in-fact for the holders of the obligations and vested with full power in their behalf to effect and enforce the mortgage for their benefit.

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Cite R.S. 9:5302

Bluebook
La. Rev. Stat. Ann. § 9:5302 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-5302
BibTeX
@misc{larevstat-9-5302,
  title        = {La. Rev. Stat. Ann. § 9:5302},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-5302},
  note         = {Snapshot 2026-05-22}
}