La. Code Civ. Proc. art. 4323
Current with changes from the 2024 Legislative Session
The property shall not be sold if the price bid by the last and highest bidder is less than the minimum price fixed by the court. In that event, on the petition of the tutor, the court may order another offering, with the same formalities as for an original offering, at a lower minimum price.
La. C.P. § 4323