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2019 Louisiana Laws
Code of Civil Procedure
Art. 3285. Bonds and stocks
Universal Citation: LA Code Civ Pro art. 3285 (2019)
A succession representative may sell bonds and shares of stock at private sale at rates prevailing in the open market, by obtaining a court order authorizing the sale. No advertisement is necessary, and the order authorizing the sale may be rendered upon the filing of the petition.
The endorsement of the succession representative and a certified copy of the court order authorizing the sale shall be sufficient warrant for the transfer.
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