Louisiana State Employees' Retirement System v. Campo Realty Co.

BOUTALL, Judge.

This case involves recognition of a vendor’s lien and privilege on movable property sold along with immovable property under foreclosure by a mortgage holder.

The Louisiana State Employees’ Retirement System filed a petition for executory process to seize and sell immovable property, namely the International American Motor Inn, along with the movable property, under a mortgage which consisted of a conventional mortgage of the immovable property and a chattel mortgage on the movable property inside the hotel. A number of other creditors of the mortgagor, Campo Realty Company,…