Louisiana Revised Statutes 10:9-809 – Priority
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Terms Used In Louisiana Revised Statutes 10:9-809
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Chapter 9 as amended by the Act determines the priority of conflicting claims to collateral; however, if the relative priorities of the claims were established before the Act takes effect, Chapter 9 as it existed before amendment determines priority.
Acts 2012, No. 450, §2, eff. July 1, 2013.