RS 9:5031 Preservation of rights of lien or privilege holder in sales held in certain proceedings - Louisiana Statutes

PART IV.  RIGHTS OF LIEN OR PRIVILEGE HOLDER

§5031.  Preservation of rights of lien or privilege holder in sales held in certain proceedings

No lien or privilege shall be cancelled, removed from the public records, or in any manner affected by any public or private sale of property subject thereto in any succession, liquidation, insolvency, receivership, bankruptcy, or partition proceeding.  However, the provisions of this Section shall not apply to the execution of judgments governed by Book IV of the Louisiana Code of Civil Procedure, Article 2251 et seq., or to judicial sales in executory proceedings under the Louisiana Code of Civil Procedure, Articles 2631 et seq.

Added by Acts 1980, No. 356, §1.  Amended by Acts 1981, No. 894, §1.