2016 Louisiana Laws
Code of Civil Procedure
CCP 2702 - Rights of third person who has acquired property and assumed indebtedness
Art. 2702. Rights of third person who has acquired property and assumed indebtedness
When property sold or otherwise alienated by the original debtor or his legal successor has been seized and is about to be sold under executory process, a person who has acquired the property and assumed the indebtedness secured by the mortgage or privilege thereon may:
(1) Pay the balance due on the indebtedness, in principal, interest, attorney's fees, and costs; or
(2) Arrest the seizure and sale on any of the grounds mentioned in Article 2751.
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