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2016 Louisiana Laws
Civil Code
CC 3311 - Mortgage securing several obligations
LA Civ Code 3311 (2016) What's This?
Art. 3311. Mortgage securing several obligations
In the absence of contrary agreement, the proceeds realized from enforcement of the mortgage shall be apportioned among several obligations secured by the mortgage in proportion to the amount owed on each at the time of enforcement.
Acts 1992, No. 1132, §2, eff. Jan. 1, 1993.
{{NOTE: FORMER ART. 3311 REPEALED BY ACTS 1992, NO. 1132, §1, EFF. JAN. 1, 1993.
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