Louisiana Civil Code Tit. I, Art. 1416. Liability of universal successors to creditors
Current as of January 01, 2019 | Updated by FindLaw Staff
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A. Universal successors are liable to creditors for the payment of the estate debts in proportion to the part which each has in the succession, but each is liable only to the extent of the value of the property received by him, valued as of the time of receipt.
B. A creditor has no action for payment of an estate debt against a universal successor who has not received property of the estate.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. I, Art. 1416. Liability of universal successors to creditors - last updated January 01, 2019 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-i-art-1416.html
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