2011 Louisiana Laws
Civil Code
CC 3220 — Privilege of pledgee.


LA Civ Code 3220 What's This?

§2--OF THE PRIVILEGE OF THE CREDITOR ON

THE THING PLEDGED

Art. 3220. Privilege of pledgee.

The creditor acquires the right of possessing and retaining the movable which he has received in pledge, as a security for his debt, and may cause it to be sold for the payment of the same.

Hence proceeds the privilege which he enjoys on the thing.

Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.