Terms Used In Louisiana Revised Statutes 9:4821

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC

            A. The privileges granted by this Part are superior to all mortgages and other privileges, regardless of the dates on which the mortgages or privileges become effective as to third persons, except as follows:

            (1) All privileges granted by this Part are inferior to privileges for ad valorem taxes or local assessments for public improvements against the immovable, privileges granted in favor of parishes for reasonable charges imposed on the immovable under La. Rev. Stat. 33:1236, privileges granted in favor of municipalities for reasonable charges imposed on the immovable under La. Rev. Stat. 33:4752, 4753, 4754, 4766, 5062, and 5062.1, and privileges granted in favor of a parish or municipality for reasonable charges imposed on the immovable under La. Rev. Stat. 13:2575.

            (2) Each privilege granted by this Part other than those arising under La. Rev. Stat. 9:4801(2) and those securing a claim arising under La. Rev. Stat. 9:4802(A)(2) is inferior to bona fide mortgages and vendor’s privileges that are effective as to third persons before the privilege granted by this Part becomes effective as to third persons.

            B. Except as otherwise provided in Subsection C of this Section, the privileges granted by this Part rank among themselves in the following order of priority, regardless of whether they arise from the same work or different works and regardless of the dates on which the privileges become effective as to third persons:

            (1) Privileges granted by La. Rev. Stat. 9:4801(2) and those securing a claim arising under La. Rev. Stat. 9:4802(A)(2) rank first and concurrently with each other.

            (2) Privileges granted by La. Rev. Stat. 9:4801(3) and (4) and those securing a claim arising under La. Rev. Stat. 9:4802(A)(1), (3), and (4) rank next and concurrently with each other.

            (3) Privileges granted by La. Rev. Stat. 9:4801(1) and (5) and those securing a claim arising under La. Rev. Stat. 9:4802(A)(5) rank next and concurrently with each other.

            C. A privilege under this Part that is superior to a mortgage or vendor’s privilege in accordance with Subsection A of this Section is also superior to all privileges under this Part that are inferior to the mortgage or vendor’s privilege.

            D. A privilege under this Part encumbering a construction that is permanently attached to the ground and belongs to a person other than the landowner is superior to all conflicting security interests created under Chapter 9 of the Uniform Commercial Code other than those that were perfected before the privilege becomes effective against third persons or that are perfected by a financing statement filed before the privilege becomes effective against third persons, if there is no period thereafter when there is neither filing nor perfection.

            Acts 1990, No. 952, §1; Acts 1991, No. 353, §1; Acts 1995, No. 31, §2; Acts 1995, No. 1155, §1, eff. June 29, 1995; Acts 2004, No. 209, §1, eff. June 14, 2004; Acts 2012, No. 425, §1; Acts 2019, No. 325, §1.

NOTE: See Acts 2019, No. 325, §§6, 7, 8, and 10, regarding applicability.