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2013 Louisiana Laws
Civil Code
CC 3157 - Privilege and preference of pledge creditor.
Universal Citation:
LA Civ Code 3157
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Art. 3157. Privilege and preference of pledge creditor.
The pawn invests the creditor with the right of causing his debt to be satisfied by privilege and in preference to the other creditors of his debtor, out of the product* of the movable, corporeal or incorporeal, which has been thus burdened.
*Note error in English translation of French text; "product" should be "proceeds."
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