---
urn: urn:us-la:rs:9:5302
citation: "R.S. 9:5302"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title XXII › Chapter 2 › Part I"
acts_citations:
---

# Fiduciary as mortgagee in trust for creditors

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.