Louisiana 2022 2022 Regular Session

Louisiana House Bill HB905 Introduced / Bill

                    HLS 22RS-1870	ORIGINAL
2022 Regular Session
HOUSE BILL NO. 905
BY REPRESENTATIVE GREGORY MILLER
PROPERTY:  Provides relative to partition by licitation
1	AN ACT
2To amend and reenact Code of Civil Procedure Article 4614, relative to partition of co-
3 owned property; to provide relative to purchase by a co-owner; to provide for credit
4 for property interest in property; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1.  Code of Civil Procedure Article 4614 is hereby amended and reenacted
7to read as follows: 
8 Art. 4614.  Purchase by co-owner of property or interest sold
9	A.  Any property or interest therein in the property sold to effect a partition,
10 whether by licitation or by private sale, may be purchased by a co-owner.
11	B.  If a property or interest in the property is purchased by a co-owner, the
12 co-owner shall be credited for his share of the property or interest in the property.
13 The co-owner shall have his share deducted from the purchase price of the property
14 or interest in the property prior to payment.
DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part
of the legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 905 Original 2022 Regular Session Gregory Miller
Abstract:  Deducts the co-owners share of the property to be partitioned from the purchase
price of the property.
Page 1 of 2
CODING:  Words in struck through type are deletions from existing law; words underscored
are additions. HLS 22RS-1870	ORIGINAL
HB NO. 905
Present law provides that co-owners may purchase any property or interest therein to effect
a partition.
Proposed law provides that the co-owner shall have his share deducted from the purchase
price of the property or interest in the property.
(Amends C.C.P. Art. 4614)
Page 2 of 2
CODING:  Words in struck through type are deletions from existing law; words underscored
are additions.