La. Code Civ. Proc. art. 3228

Current with operative changes from the 2024 Third Special Legislative Session

Section 3228 - Loans to succession representative for specific purposes; authority to encumber succession property as security therefor

When it appears to the best interest of the succession, and after compliance with Article 3229, the court may authorize a succession representative to borrow money for the purposes of preserving the property or the orderly administration of the estate, of paying estate debts, and for expenditures in the regular course of business conducted in accordance with Article 3224. As security for the loans the court may authorize the succession representative to encumber succession property upon the terms and conditions as it may direct.

La. C.P. § 3228

Acts 1995, No. 203, §1; Acts 1997, No. 1421, §3, eff. July 1, 1999; Acts 2010, No. 175, §1.

Acts 1995, No. 203, §1; Acts 1997, No. 1421, §3, eff. 7/1/1999; Acts 2010, No. 175, §1.