There is a newer version of the Louisiana Laws
2009 Louisiana Civil Code :: CC 2797 - Compulsory redemption against debtor.
Art. 2797. Compulsory redemption against debtor.
The debtor of a constituted annuity may be compelled to redeem the same:
1. If he ceases fulfilling his obligations during three years.
2. If he does not give to the lender the securities promised by the contract.
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