Art. 2374 Property subject to superior mortgage; payment of price
Book IV, Title II, Chapter 3: The Adjudication and Its Effect
Rule Text
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.
Amendment history: Acts 1989, No. 137, §18, eff. Sept. 1, 1989.