Usufruct
R.S. 9:5550

Definitions ACTIVE

The following words, phrases, and terms as used in this Part shall be defined and construed as follows:

(1) "Collateral mortgage" shall mean a mortgage that is given to secure a written obligation, such as a collateral mortgage note, negotiable or nonnegotiable instrument, or other written evidence of debt, that is issued, pledged, or otherwise used as security for another obligation. A collateral mortgage or collateral chattel mortgage may provide on its face that the mortgage is granted in favor of a designated mortgagee and any future holder or holders of the collateral mortgage note.

(2) "Vendor's privilege" shall mean a vendor's lien or vendor's privilege on immovable property that secures a written obligation, such as a collateral mortgage note, negotiable or nonnegotiable instrument, or other written evidence of debt.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • enactment Acts 1989, No. 137, §7, eff. Sept. 1, 1989
  • amendment Acts 1991, No. 377, §3, eff. Jan. 1, 1992

Section navigation

Cite R.S. 9:5550

Bluebook
La. Rev. Stat. Ann. § 9:5550 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-5550
BibTeX
@misc{larevstat-9-5550,
  title        = {La. Rev. Stat. Ann. § 9:5550},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-5550},
  note         = {Snapshot 2026-05-22}
}