Privileges and hypothecs become extinct:
1. By the total loss of the thing subject to the privilege or hypothec; by the changing of its nature; by its ceasing to be an object of commerce, saving certain exceptional cases;
2. By the determination or legal extinction of the conditional or precarious right of the person who granted the privilege or the hypothec;
3. By the confusion of the qualities of privileged or hypothecary creditor and purchaser of the thing charged. Nevertheless if the creditor who has become purchaser be evicted for a cause which is not attributable to himself, the hypothec or the privilege revives;
4. By the express or tacit remission of the privilege or hypothec;
5. By the complete extinction of the debt to which the privilege or hypothec is attached, and also in the case provided in article 1197;
6. By sheriff’s sale, or other sale of like effect, or by forced licitation, saving seignorial rights and the rents constituted in their stead; and also by expropriation for public purposes, the creditors in such case retaining their recourse upon the price of the property;
7. By judgment of confirmation of title, as provided in the Code of Civil Procedure;
8. By prescription;
9. By legal extinction of the right in the cases mentioned in article 2081a.
1866 s. 2081; 1938, c. 98, s. 4