Louisiana Revised Statutes 9:2450 – Succession representatives; liability for distributions
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Terms Used In Louisiana Revised Statutes 9:2450
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A succession representative shall not be liable to the judgment creditor of a successor for any distributions made to the successor, including a distribution of the proceeds of the sale of immovable property as to which the judgment creditor had a judicial mortgage, unless the judgment creditor seized the interest of the successor in the estate before the representative made the distribution.
Acts 1995, No. 313, §1.