Louisiana § 9:3163 Rejection of indorser of purchase price notes, effect on adjudication

Louisiana Statutes

§ 9:3163 — Rejection of indorser of purchase price notes, effect on adjudication

Louisiana § 9:3163

Title 9Civil Code-Ancillaries

This text of Louisiana § 9:3163 (Rejection of indorser of purchase price notes, effect on adjudication) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 9:3163 (2026).

Text

When a thing is exposed to public sale, with notice that the buyer shall give indorsed notes for the price, he is bound, immediately after the sale, if required, to acquaint the auctioneer or the seller with the name of the person whom he offers for indorser, and if this indorser does not suit the seller, or in his absence the auctioneer, the adjudication is considered as not having been made.
Redesignated by Acts 1993, No. 841, §2, eff. Jan. 1, 1995.

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When a thing is exposed to public sale, with notice that the buyer shall give indorsed notes for the price, he is bound, immediately after the sale, if required, to acquaint the auctioneer or the seller with the name of the person whom he offers for indorser, and if this indorser does not suit the seller, or in his absence the auctioneer, the adjudication is considered as not having been made.
Redesignated by Acts 1993, No. 841, §2, eff. Jan. 1, 1995.