Concursus Proceeding Formula
Description
How to fill out Louisiana Petition For Concursus And Order?
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FAQ
Definition: Concursus is a Latin term that means "a running together." In law, it refers to: A legal proceeding where two or more creditors claim an interest in a fund or estate, often in opposition to each other, to sort out and adjudicate all the claims on the fund.
A concursus proceeding is one in which two or more persons having competing or conflicting claims to money, property, or mortgages or privileges on property are impleaded and required to assert their respective claims contradictorily against all other parties to the proceeding.
The petition in a concursus proceeding shall comply with Article 891, shall allege the nature of the competing or conflicting claims, and shall include a prayer that all of the persons having such claims be required to assert their respective claims contradictorily against all other parties to the proceeding.