Louisiana Code of Civil Procedure 2337 – Price insufficient to discharge superior privileges; property not sold
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If the price offered by the highest bidder at the first or subsequent offering is not sufficient to discharge the costs of the sale and the security interests, mortgages, liens, and privileges superior to that of the seizing creditor, the property shall not be sold.
Acts 1989, No. 137, §18, eff. Sept. 1, 1989.