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Home » US Law » 2022 Louisiana Laws » Civil Code » TITLE XX–SECURITY » Art. 3134. Ratable treatment of creditors

Art. 3134. Ratable treatment of creditors

In the absence of a preference authorized or established by legislation, an obligor’s property is available to all his creditors for the satisfaction of his obligations, and the proceeds of its sale are distributed ratably among them.

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.