2011 Louisiana Laws
Civil Code
CC 3255 — Order of payment when available movables insufficient.


LA Civ Code 3255 What's This?

Art. 3255. Order of payment when available movables insufficient.

But when part of the movables are subject to special privileges, and the remainder of the movables are not sufficient to discharge the debts having a privilege on the whole mass of movables, or if there be equality* between the special privileges, the following rules shall direct the determination.

*In this context, the French word "concurrence" would be translated more properly by "competition" than by "equality."

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