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Louisiana Code of Civil Procedure Tit. II, Art. 2702. Rights of third person who has acquired property and assumed indebtedness

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

When property sold or otherwise alienated by the original debtor or his legal successor has been seized and is about to be sold under executory process, a person who has acquired the property and assumed the indebtedness secured by the mortgage or privilege thereon may:

(1) Pay the balance due on the indebtedness, in principal, interest, attorney's fees, and costs; or

(2) Arrest the seizure and sale on any of the grounds mentioned in Article 2751.

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Cite this article: FindLaw.com - Louisiana Code of Civil Procedure Tit. II, Art. 2702. Rights of third person who has acquired property and assumed indebtedness - last updated January 01, 2023 | https://codes.findlaw.com/la/code-of-civil-procedure/la-code-civ-proc-tit-ii-art-2702/

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