pact de non alienando

pact de non alienando
A provision commonly contained in Louisiana mortgages whereby the mortgagee is relieved of making the holder of a subsequent mortgage a party to a suit to foreclose the prior mortgage. The effect of such a provision in the mortgage is that the subsequent mortgagee must take notice of the proceedings at his peril. He may, however, apply to set aside the sale. 37 Am J1st Mtg § 552.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • pactum de non alienando — /paektam diy non eyliyanaendow/ A pact or agreement binding the owner of property not to alienate it, intended to protect the interests of another; particularly an agreement by the mortgagor of real estate that he will not transfer the title to a …   Black's law dictionary

  • pact — A bargain; compact; agreement. An agreement between two or more nations or states usually less elaborate than a treaty but nearly equivalent thereto. See also compact pactum treaty. @ nude pact A translation of the Latin nudum pactum, a bare or… …   Black's law dictionary

  • Avegno v. Schmidt — Infobox SCOTUS case Litigants=Avegno v. Schmidt ArgueDate=January 12 ArgueYear= DecideDate=January 25 DecideYear=1885 FullName=Avegno v. Schmidt USVol=113 USPage=293 Citation= Prior= Subsequent= Holding= SCOTUS=1882 1887 Majority= JoinMajority=… …   Wikipedia

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