Louisiana 2022 2022 Regular Session

Louisiana House Bill HB905 Enrolled / Bill

                    ENROLLED
2022 Regular Session
HOUSE BILL NO. 905
BY REPRESENTATIVE GREGORY MILLER
1	AN ACT
2 To 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.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1.  Code of Civil Procedure Article 4614 is hereby amended and reenacted
7 to 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.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:  
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CODING:  Words in struck through type are deletions from existing law; words underscored
are additions.