CC 3086 - Forced respite at instance of majority of creditors. - Louisiana Statutes

Art. 3086. Forced respite at instance of majority of creditors.

The forced respite takes place when the creditors do not agree, for then the opinion of the majority in number and in amount prevails over that of the other creditors, and the judge shall approve such opinion, and it shall be binding on the other creditors who did not agree to it.