1723. Sequestration or deposit may take place by judicial authority:
1. Of movable or immovable property seized under process of attachment, or in virtue of a judgment;
2. Of money or other things tendered and deposited by a debtor in a suit pending;
3. Upon application by an interested party, of property movable or immovable, of which the ownership or possession is in litigation;
4. Of property which, owing to its being of a perishable nature, the sale is desirable pending litigation.
1724. The sequestration may also take place by judicial authority in the following cases specified in this Code:
1. When the usufructuary cannot give security as specified in article 415;
2. When the substitute is put in possession under article 890.
1725. The sequestrator appointed by judicial authority is bound to apply to the safe keeping of the property in his or her charge the care of a prudent administrator.
He or she is bound either to produce it for the purpose of being sold in due course of law or to deliver it to the party entitled to it under the judgment of the Court.
He or she is also bound to render an account of his or her administration when judgment is rendered in the cause and while the cause is pending as often as ordered by the Court.
He or she is entitled to be paid, by the party seizing, such compensation as is fixed by law or by the Court; unless he or she has voluntarily undertaken his duty at the instance of the party on whom the seizure is made.
1726. The property sequestered cannot be leased directly or indirectly to any of the parties claiming it.
1727. The sequestrator appointed by judicial authority, to whom the property has been delivered, is subject to all the obligations which attach to conventional sequestration.
1728. The judicial sequestrator may obtain his or her discharge after the lapse of 3 years, unless, for special reasons, the Court has continued his or her functions beyond that period.
He or she may also be discharged by the Court within that time upon cause shown.
1729. The special rules concerning judicial sequestration or deposit are contained in the Code of Civil Procedure.
1730–1797. (Superseded by the Commercial Code).