Louisiana Revised Statutes 51:31 – Definitions
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Terms Used In Louisiana Revised Statutes 51:31
- Executor: A male person named in a will to carry out the decedent
- Goods: includes goods, wares, and merchandise. See Louisiana Revised Statutes 51:31
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Trustee: A person or institution holding and administering property in trust.
As used in this Part:
(1) A “fire”, “bankruptcy”, or “fiduciary” sale includes an insurance, mortgage, insolvent, assignee’s, executor‘s, administrator’s, receiver’s, trustee‘s, removal or closing out sale, or a sale of damaged goods.
(2) “Goods” includes goods, wares, and merchandise.
Acts 1986, No. 806, §1; Acts 1995, No. 669, §1.