La. Civ. Code art. 3319

Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024

Section 3319 - Methods of extinction

A mortgage is extinguished:

(1) By the extinction or destruction of the thing mortgaged.

(2) By confusion as a result of the obligee's acquiring ownership of the thing mortgaged.

(3) By prescription of all the obligations that the mortgage secures.

(4) By discharge through execution or other judicial proceeding in accordance with the law.

(5) By consent of the mortgagee.

(6) By termination of the mortgage in the manner provided by Paragraph D of Article 3298.

(7) When all the obligations, present and future, for which the mortgage is established have been incurred and extinguished.

La. C.C. § 3319

Acts 1992, No. 1132, §2, eff. Jan. 1, 1993; Acts 1995, No. 1087, §1.

Acts 1992, No. 1132, §2, eff. 1/1/1993; Acts 1995, No. 1087, §1.