LA HB668

Amends Civil Code Article 811 and Code of Civil Procedure Articles 4607, 4622(B), 4624, and 4625(A) to modify procedures for partitioning co-owned property that cannot be divided in kind

Requires private sales of partitioned property to be for not less than "fair market value" rather than the previous "appraised value" standard, and allows a court-appointed representative (who may be a co-owner) to execute sale documents on behalf of all co-owners

Creates new Article 4607.1 requiring judgments to order reimbursement from sale proceeds for co-owners who paid property taxes or preservation expenses, payment to co-owners owed money by others who retained property revenues, and allocation of reasonable sale costs including commissions and closing costs

Simplifies petition requirements for private sale partitions by removing mandates to disclose funding sources and juridical entity relationships, while retaining disclosure of primary sale terms, purchaser name, and whether sale costs will be paid to related parties

Adds requirement that when partitioning corporeal immovable property, petitioners must physically post notice on the property in at least one prominent location contemporaneous with publication of notice