2016 Louisiana Laws
Civil Code
CC 3179 - Ownership of property pledged; rights of creditor upon default of debtor.
NOTE: Art. 3179 eff. until Jan. 1, 2015. See Acts 2014, No. 281, §4.
Art. 3179. Ownership of property pledged; rights of creditor upon default of debtor.
The creditor does not become owner of the pledged immovable by failure of payment at the stated time; any clause to the contrary is null, and in this case it is only lawful for him to sue his debtor before the court in order to obtain a sentence against him, and to cause the objects which have been put in his hands in pledge to be seized and sold.
NOTE: Art. 3179 repealed by Acts 2014, No. 281, §4, eff. Jan. 1, 2015.
Art. 3179. Repealed by Acts 2014, No. 281, §4.
Acts 2014, No. 281, §4, eff. Jan. 1, 2015.
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