Louisiana Code of Civil Procedure 4137 – Subordination of legal mortgage to conventional mortgage
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Terms Used In Louisiana Code of Civil Procedure 4137
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The legal mortgage provided in Article 4134 may be subordinated to a conventional mortgage or other security to be given on the property of the tutor, provided such subordination is authorized by the court after proof that such would be to the best interest of the minor and provided the concurrence of the undertutor is first obtained.
Added by Acts 1980, No. 389, §1.