Louisiana Revised Statutes 14:351 – Bail, sale, etc. of real estate securing, prohibited; penalty
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Terms Used In Louisiana Revised Statutes 14:351
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A. No person shall, with intent to defraud, sell, transfer, donate, give, mortgage, hypothecate, or in any way encumber to the prejudice of the state any real estate offered as security to the state on any bail or appearance bond for the release of any person charged with crime.
B. Whoever violates this Section shall be imprisoned with or without hard labor for not less than six months nor more than twelve months.
Acts 2014, No. 791, §7.