2014 Louisiana Laws
Revised Statutes
TITLE 13 - Courts and Judicial Procedure
RS 13:4362 - Return of deposit if no loss, or of portion if loss does not exceed deposit
§4362. Return of deposit if no loss, or of portion if loss does not exceed deposit
After the second sale has been completed and the entire sale price has been paid, if no loss has resulted because of the resale, the deposit shall be returned to the first purchaser. If a loss has resulted and a portion of the deposit remains after payment of the loss, that portion shall be returned to the first purchaser.
Added by Acts 1960, No. 32, §6, eff. Jan. 1, 1961.
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.
