Louisiana Code of Civil Procedure 4363 – Security instead of mortgage
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Terms Used In Louisiana Code of Civil Procedure 4363
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Instead of the mortgage provided in Article 4362, the parent may furnish security as provided in Article 4132 or a special mortgage as provided in Article 4133. The amount of the security or special mortgage shall be equal to the price of the adjudication.