Louisiana Civil Code 3174 – Rights of creditor deceived as to pledge
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Terms Used In Louisiana Civil Code 3174
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A pledge of the lessor’s rights in the lease of an immovable and its rents does not entitle the pledgee to cause the rights of the lessor to be sold by judicial process. Any clause to the contrary is absolutely null.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.