Definition of EXECUTION PAREE


EXECUTION PAREE

By the term execution paree, which is used in
Louisiana,
is meant a right founded on an authentic act, that is, and passed before a
notary, by which the creditor may immediately, without citation or summons,
seize and cause to be sold, the property of his debtor, out of the proceeds
of which to receive his payment. It imports a confession of judgment, and
is not unlike a warrant of attorney. Code of Pr. of Lo. art. 732, 6 Toull.
n. 208, 7 Toull. 99.


Source: Bouviers Law Dictionary 1856 Edition

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