State Codes and Statutes

Statutes > Louisiana > Cc > Cc3183

Art. 3183. Debtor's property common pledge of creditors; exceptions to pro rata distribution.

The property of the debtor is the common pledge of his creditors, and the proceeds of its sale must be distributed among them ratably, unless there exist among the creditors some lawful causes of preference.

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3183

Art. 3183. Debtor's property common pledge of creditors; exceptions to pro rata distribution.

The property of the debtor is the common pledge of his creditors, and the proceeds of its sale must be distributed among them ratably, unless there exist among the creditors some lawful causes of preference.


State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3183

Art. 3183. Debtor's property common pledge of creditors; exceptions to pro rata distribution.

The property of the debtor is the common pledge of his creditors, and the proceeds of its sale must be distributed among them ratably, unless there exist among the creditors some lawful causes of preference.