§ 45:381 Mortgages; power of company generally; property covered
§ 45:382 Mortgages to secure own bonds
§ 45:383 Mortgages to secure another railroad’s bonds
§ 45:384 Record of mortgages generally
§ 45:385 Conversion of principal due on bonds into stock
§ 45:386 Foreclosure of mortgages; powers and rights of purchasers
§ 45:387 Foreclosure of mortgages; new corporation, power to organize
§ 45:388 Foreclosure of mortgages; certificate of organization of new corporation; powers of new corporation
§ 45:389 Foreclosure of mortgages; principal office of new corporation
§ 45:390 Foreclosure of mortgages; prior liens; restrictions on purchasers
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Louisiana Revised Statutes > Title 45 > Chapter 6 > Part III - Bonds and Mortgages

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.