Louisiana Civil Code 3142 – Property susceptible of pledge
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Terms Used In Louisiana Civil Code 3142
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The only things that may be pledged are the following:
(1) A movable that is not susceptible of encumbrance by security interest.
(2) The lessor’s rights in the lease of an immovable and its rents.
(3) Things made susceptible of pledge by law.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.