La. C.C.P. art. 4614. — Purchase by co-owner of property or interest sold

A. Any property or interest in the property sold to effect a partition, whether by licitation or by private sale, may be purchased by a co-owner.

B. If a property or interest in the property is purchased by a co-owner, the co-owner shall be credited for his share of the property or interest in the property. The co-owner shall have his share deducted from the purchase price of the property or interest in the property prior to payment.