La. Civ. Code art. 3134

Current with changes from the 2024 Legislative Session
Section 3134 - Ratable treatment of creditors

In the absence of a preference authorized or established by legislation, an obligor's property is available to all his creditors for the satisfaction of his obligations, and the proceeds of its sale are distributed ratably among them.

La. C.C. § 3134

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Amended by Acts 2014, No. 281,s. 1, eff. 1/1/2015.