Louisiana Revised Statutes 9:2322 – Rights in property after perfection of title
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Terms Used In Louisiana Revised Statutes 9:2322
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
In all cases the donees or their successors, assigns or representatives may effectively use, mortgage, hypothecate, incumber, alienate and/or dispose of the property donated or any part thereof without regard thereafter to the conditions or changes imposed in the donation, upon declaring the same to have been fully complied with to all intents and purposes by said lapse of time, possession and use in compliance with said conditions or changes, and upon declaring the public policy served thereby to be against restricting property from commerce.
Acts 1952, No. 462, §2. Amended by Acts 1960, No. 226, §2; Acts 1962, No. 439, §1.