PROPERTY: Provides for the partition of property

HB 668 updates Louisiana's property partition laws to streamline how co-owners divide shared property. It prioritizes private sales between existing co-owners over public auctions when possible, requiring court approval and specific petition details like sale terms and funding sources. The bill also mandates that sale proceeds cover co-owners' taxes, preservation costs, and unpaid revenues before distributing remaining funds. These changes apply directly to individuals or entities owning property jointly who seek to split it through court action.