Louisiana Revised Statutes 42:200 – Effect of special mortgage
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Terms Used In Louisiana Revised Statutes 42:200
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
The effect of the special mortgage authorized by La. Rev. Stat. 42:198 is to free and release the surplus of the property of the person giving it from all mortgages resulting from his official bond.