State Codes and Statutes

Statutes > Louisiana > Rs > Title9 > Rs9-5303

§5303.  Creditors' interests under mortgage

The interest of the holders of the obligations shall be in common and indivisible, and in case of the enforcement of the mortgage, the holders shall be entitled to participate pro rata in the proceeds of the mortgaged property.

State Codes and Statutes

Statutes > Louisiana > Rs > Title9 > Rs9-5303

§5303.  Creditors' interests under mortgage

The interest of the holders of the obligations shall be in common and indivisible, and in case of the enforcement of the mortgage, the holders shall be entitled to participate pro rata in the proceeds of the mortgaged property.


State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Rs > Title9 > Rs9-5303

§5303.  Creditors' interests under mortgage

The interest of the holders of the obligations shall be in common and indivisible, and in case of the enforcement of the mortgage, the holders shall be entitled to participate pro rata in the proceeds of the mortgaged property.