Louisiana § 9:5302 Fiduciary as mortgagee in trust for creditors

Louisiana Statutes

§ 9:5302 — Fiduciary as mortgagee in trust for creditors

Louisiana·Title 9 Civil Code-Ancillaries

A fiduciary for the holders of the obligations secured by the mortgage may be named in the act as mortgagee in trust for the benefit of the creditors. He shall be irrevocably appointed special attorney-in-fact for the holders of the obligations and vested with full power in their behalf to effect and enforce the mortgage for their benefit.

Free access — add to your briefcase to read the full text and ask questions with AI

Louisiana § 9:5302 (Fiduciary as mortgagee in trust for creditors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.