Louisiana Statutes
§ 9:4903 — Rank
Louisiana·Title 9 Civil Code-Ancillaries
The privilege is a first privilege upon the road-beds, tracks, rights of way, and franchises of the railroad, and has priority over all other mortgages or encumbrances and shall be paid by preference out of the proceeds of the sale of the road-beds, tracks, rights of way, and franchises of the railroad, under foreclosure or otherwise.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 9:4903 (Rank) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.