Louisiana Revised Statutes 9:2982 – Part remedial
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Terms Used In Louisiana Revised Statutes 9:2982
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
This Part is remedial and is for the benefit of all persons heretofore as well as hereafter acquiring, or holding mortgages, affecting such property, without express exception or reference to the abandoned road, street, or alley in the description of the property set forth in the instrument of sale, transfer, or mortgage.
Acts 1958, No. 528, §2.