Louisiana Civil Code 322 – Minor’s legal mortgage on tutor’s property.
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Terms Used In Louisiana Civil Code 322
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The recording of the certificate of the clerk operates as a legal mortgage in favor of the minor for the amount therein stated, on all the immovable property of the natural tutor in the parish.
Amended by Acts 1960, No. 30, §1, eff. Jan. 1, 1961.