2011 Louisiana Laws
Civil Code
CC 3183 — Debtor's property common pledge of creditors; exceptions to pro rata distribution.


LA Civ Code 3183 What's This?

Art. 3183. Debtor's property common pledge of creditors; exceptions to pro rata distribution.

The property of the debtor is the common pledge of his creditors, and the proceeds of its sale must be distributed among them ratably, unless there exist among the creditors some lawful causes of preference.

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