§ 19:136.4 — Prayer of petition; ex parte order for deposit; value determination

Louisiana § 19:136.4

• Jurisdiction: Louisiana
• Title 19: Corporations and Associations

Text

The petition shall conclude with a prayer that the abandoned or blighted property be declared taken for the purpose of rehabilitating economically depressed property by placing it back into the economic stream of commerce. Upon presentation of the petition, the court shall issue an order directing that the amount of the appraisal be deposited in the registry of the court. Upon the deposit of the amount of the appraisal in the registry of the court, for the use and benefit of the persons entitled thereto, the clerk shall issue a receipt showing the amount deposited, the date it was deposited, the style and number of the cause, and the description of the property as contained in the petition.

Legislative History

Acts 2003, No. 984, §1.