Louisiana Revised Statutes > Title 9 > CODE TITLE XXI > Chapter 3 > Part III – Privilege for Producers of Agricultural and Dairy Products
Current as of: 2023 | Check for updates
|
Other versions
| § 9:5021 | Privilege on assets of purchaser when purchaser becomes insolvent or bankrupt |
Terms Used In Louisiana Revised Statutes > Title 9 > CODE TITLE XXI > Chapter 3 > Part III - Privilege for Producers of Agricultural and Dairy Products
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Governing authority: means the governing authority of a parish or parishes having a youth center or a juvenile detention center authority. See Louisiana Revised Statutes 15:1099.2
- Parish: means a parish in which a youth center is sited. See Louisiana Revised Statutes 15:1099.2