Usufruct
R.S. 9:5384

Assumption of a mortgage on immovable property by a third person ACTIVE

An original vendor's privilege or first mortgage, or both, is not extinguished nor is its ranking subordinated to any other mortgage, lien, privilege, or encumbrance when the obligation it secures is assumed by a new obligor, notwithstanding the release of the original obligor.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1980, No. 585, §1

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Cite R.S. 9:5384

Bluebook
La. Rev. Stat. Ann. § 9:5384 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-5384
BibTeX
@misc{larevstat-9-5384,
  title        = {La. Rev. Stat. Ann. § 9:5384},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-5384},
  note         = {Snapshot 2026-05-22}
}