Louisiana Civil Code 3155 – Incorporeal movables
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Terms Used In Louisiana Civil Code 3155
- 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
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
If the thing pledged is another person’s obligation not arising under the lease of an immovable, the pledge is effective against third persons only from the time that the obligor has actual knowledge of the pledge or has been given notice of it.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.