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Louisiana Civil Code Tit. XXII, Art. 3317. Rights of third possessor

Current as of January 01, 2023 | Updated by Findlaw Staff

A third possessor who performs the obligation secured by the mortgage is subrogated to the rights of the obligee. In such a case, the mortgage is not extinguished by confusion as to other mortgages, privileges, or charges burdening the mortgaged property when the third possessor acquired the mortgaged property and for which he is not personally bound.

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Cite this article: FindLaw.com - Louisiana Civil Code Tit. XXII, Art. 3317. Rights of third possessor - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xxii-art-3317/

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