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Privilege of creditor on seized property; successive seizures

La. Code Civ. Proc. art. 2292
in effect
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2292. Privilege of creditor on seized property; successive seizures A. To the extent not otherwise governed under Chapter 9 of the Louisiana Commercial Laws (R.S. 10:9-101, et seq.), a seizing creditor, by the mere act of seizure, acquires a privilege on the property seized, which entitles him to a preference over ordinary creditors. B. When several seizures of the same property are made by ordinary creditors, the seizing creditors acquire a privilege and are entitled to a preference among themselves according to the order of their seizures. Acts 1989, No. 137, §18, eff. Sept. 1, 1989.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=111421Fetched: 10/20/2026

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