One possessing the characteristics or fulfilling the requirements or n i.,ortgage at common law; not known in Louisiana, where the civil law prevails; but such a mortgage made in another state and affecting lands in Louisiana, will be given effect there as a “conventional” mortgage, affecting third persons after due inscription. Gates v. Gaither, 46 La. Ann. 286. 15 South. 50.
Link to This DefinitionDid you find this definition of COMMON-LAV7 MORTGAGE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary