2011 Louisiana Laws
Civil Code
CC 3179 — Ownership of property pledged; rights of creditor upon default of debtor.


LA Civ Code 3179 What's This?

Art. 3179. Ownership of property pledged; rights of creditor upon default of debtor.

The creditor does not become owner of the pledged immovable by failure of payment at the stated time; any clause to the contrary is null, and in this case it is only lawful for him to sue his debtor before the court in order to obtain a sentence against him, and to cause the objects which have been put in his hands in pledge to be seized and sold.

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