Article 780 — General Principles

1/ Article 780 to 784 of this Code shall apply where specified encumbered or unencumbered assets are sold and proceeds distributed before the final distribution in accordance with Article 785 to 793 of this Code. 2/ Article 780 to 784 of this Code shall apply to all secured creditors whose right in rem security is related to specified assets of the estate, whether such assets are immovable or movable, tangible or intangible. 3/ For the purpose of this section, preferred creditors on all movable or immovable assets of the debtor may participate in interim distributions but shall be treated as unsecured creditors.