Louisiana Civil Code 3143 – Pledge of property susceptible of encumbrance by security interest
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Terms Used In Louisiana Civil Code 3143
- Contract: A legal written agreement that becomes binding when signed.
A contract by which a person purports to pledge a thing that is susceptible of encumbrance by security interest does not create a pledge under this Title but may be effective to create a security interest in the thing.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.