La. Stat. tit. 9 § 5321

Current with operative changes from the 2024 Third Special Legislative Session

Section 9:5321 - Definitions

As used in this Part:

(1) "Instrument" means any instrument, whether or not negotiable, which evidences the indebtedness of one or more persons.

(2) "Rural Property" means a tract of land which is at least forty acres in area and from which at least seventy-five percent of the income derived is from agricultural or livestock purposes or mineral income and which is not located within the territorial limits of any incorporated municipality.

La. R.S. § 9:5321

Added by Acts 1977, No. 251, §1.

Added by Acts 1977, No. 251, §1.