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Current as of January 01, 2023 | Updated by Findlaw Staff
When the debts privileged on the movables and immovables can not be paid entirely, either because the movable effects are of small value, or subject to special privileges which claim a preference, or because the movables and immovables together do not suffice, the deficiency must not be borne proportionally among the debtors, but the debts must be paid according to the order established above, and the loss must fall on those which are of inferior dignity.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. XXI, Art. 3270. Effect of priorities among privileges - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xxi-art-3270/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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