United States — Louisiana
RS 10:9-104
1 provisions
A secured party has control of a deposit account only if one of the listed conditions is met.
Act or statute Open & Chat
United States — Louisiana Statutes
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United States — Louisiana
RS 10:9-105
1 provisions
A purchaser controls an authoritative electronic copy of chattel paper only if the system reliably identifies the purchaser as the assignee, and certain system features and exclusive powers are present.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-106
1 provisions
This section defines when a person or secured party has “control” of certain securities, commodity contracts, and related accounts.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-107
1 provisions
A secured party has control of a letter-of-credit right when the issuer or nominated person has consented to an assignment of proceeds.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-107.1
1 provisions
The section explains when a secured party has control of a life insurance policy and when beneficiary consent is needed before a security interest attaches.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-107.2
1 provisions
A secured party that meets the listed statutory conditions has control of the collateral even if it agreed to wait until default or another condition happens.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-107.3
1 provisions
A secured party has control of a controllable electronic record as provided by the cited rule, and also has control of a controllable account or payment intangible if it controls the electronic record that evidences it.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-107.4
1 provisions
A person with control under the cited provisions does not have to acknowledge that control on behalf of another person.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-108
1 provisions
A collateral description is enough if it reasonably identifies the property, but some broad or type-only descriptions are not enough.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-109
1 provisions
This section says when Chapter 9 applies, and when it does not apply, for listed security-interest transactions and related exclusions.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-201
1 provisions
A security agreement is effective under its terms, but consumer-protection and other applicable laws still control when they differ.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-202
1 provisions
This section says that, except for certain consignments or sales of specified payment-related assets, the Chapter’s rights-and-obligations rules apply even if title to the collateral is held by the secured party instead of the debtor.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-203
1 provisions
This section says when a security interest attaches and when it is enforceable against the debtor and third parties.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-204
1 provisions
A security agreement may cover after-acquired collateral, but an after-acquired property clause does not attach to several listed items, including consumer goods (with limits), tort claims, judgments, life insurance policies, trust interests, estate interests, and collateral mortgage notes.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-205
1 provisions
A security interest is not invalid or fraudulent just because the debtor may deal with the collateral or proceeds, or because the secured party does not require accounting or replacement.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-206
1 provisions
A security interest can attach in two kinds of transactions involving financial assets: when a buyer purchases through a securities intermediary, and when a person delivers a certificated security or other financial asset for payment.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-207
1 provisions
A secured party in possession or control of collateral must use reasonable care and keep the collateral identifiable, subject to stated exceptions.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-208
1 provisions
A secured party with control of certain collateral must, after a signed demand by the debtor and within 10 days, release or transfer control as specified.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-209
1 provisions
A secured party must, within 10 days after a debtor’s signed demand, send the account debtor a signed record releasing it from further obligation, unless the assignment is a sale of certain listed assets.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-210
1 provisions
This section requires a secured party to answer certain debtor requests within 14 days, and it lets the secured party charge up to $25 for extra responses after the first free one in a six-month period.
Act or statute Open & Chat