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La. Code Civ. Proc. Ann. art. 4614
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Art. 4614 Purchase by co-owner of property or interest sold
Book VII, Title IX, Chapter 1: General Dispositions
Rule Text
A. Any property or interest in the property sold to effect a partition, whether by licitation or by private sale, may be purchased by a co-owner.
B. If a property or interest in the property is purchased by a co-owner, the co-owner shall be credited for his share of the property or interest in the property. The co-owner shall have his share deducted from the purchase price of the property or interest in the property prior to payment.
Amendment history: Acts 2022, No. 636, §1.