R.S. 9:5383

Transfers of more than one parcel of immovable property ACTIVE

In a transfer of more than one parcel of immovable property, no assumption in globo is created by the assumption by a purchaser of more than one vendor's privilege and/or mortgage, unless the contrary is expressed in said transfer. In such cases, whenever separate parcels of immovable property are transferred to a purchaser who expressly assumes the payment of the vendors' privileges and/or mortgages bearing against the immovable property purchased, each vendor's privilege and/or mortgage shall be deemed to have each been assumed separately and distinctly as if only one parcel of immovable property had been transferred, and each such vendor's privilege and/or mortgage shall continue to affect and bear against only the specific immovable property described in the instrument by which the vendor's privilege and/or mortgage was originally created. Likewise, unless the contrary is expressed in said transfer, any resolutory condition or right to rescind arising in favor of the vendor as a result of the failure to pay any of the vendors' privileges and/or mortgages shall be deemed to apply only to the immovable property affected by its respective vendor's privilege and/or mortgage.

Actions

References

None.

Cited by

None.

History

  • enactment Acts 1976, No. 338, §1
  • amendment Acts 1999, No. 875, §1

Section navigation

Cite R.S. 9:5383

Bluebook
La. Rev. Stat. Ann. § 9:5383 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-5383
BibTeX
@misc{larevstat-9-5383,
  title        = {La. Rev. Stat. Ann. § 9:5383},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-5383},
  note         = {Snapshot 2026-05-22}
}