La. Code Civ. Proc. art. 2374

Current with operative changes from the 2024 Third Special Legislative Session
Section 2374 - Property subject to superior mortgage; payment of price

If there is a security interest, mortgage, lien, or privilege on the property superior to that of the seizing creditor, the purchaser shall pay to the sheriff only that portion of the sale price which exceeds the amount of the superior security interest, mortgage, lien, or privilege.

La. C.P. § 2374

Acts 1989, No. 137, §18, eff. Sept. 1, 1989.
Acts 1989, No. 137, §18, eff. 9/1/1989.