Louisiana Statutes
§ 9:4866 — Extinction as to movable property
Louisiana·Title 9 Civil Code-Ancillaries
A privilege, if not otherwise extinguished, is extinguished as to movable property other than hydrocarbons, the obligations and proceeds derived from the disposition of hydrocarbons, and drilling or other rigs, when the property is transferred by an onerous transaction to a third person who is in good faith and it is removed from the well site.
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Related
Guichard Drilling Co. v. Alpine Energy Serv., Inc.
657 So. 2d 1307 (Supreme Court of Louisiana, 1995)
Legislative History
Amended by Acts 1960, No. 31, §1; eff. Jan. 1, 1961; Acts 1995, No. 962, §1.
Nearby Sections
15
§ 9:4806
Owner defined; interest affected§ 9:4808
Work defined§ 9:4810
Miscellaneous definitions§ 9:4813
Liability of the surety§ 9:4820
Privileges; effective date