Third possessor defined

La. Civ. Code art. 3315

La. Civ. Code art. 3315

Art. 3315. Third possessor defined A third possessor is one who acquires mortgaged property and who is not personally bound for the obligation the mortgage secures. Acts 1992, No. 1132, §2, eff. Jan. 1, 1993. {{NOTE: FORMER ART. 3315 REPEALED BY ACTS 1992, NO. 1132, §1, EFF. JAN. 1, 1993.}}