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46,252 statutes · page 20 of 2313
United States — Louisiana legislation
20 statutes shown from 46,252 source-backed records
A secured party gets the rights listed in R.S. 13:3864 through 13:3868 after notification, and Civil Code Article 2652 does not apply to certain litigious-right security interests or enforcement sales.
A person owing a tort claim may pay the debtor until proper notice of assignment is received; after notice, payment must go to the secured party. If asked, the secured party must seasonably provide proof of the assignment.
This section says where to file a financing statement, depending on the type of collateral.
A financing statement is sufficient only if it names the debtor, names the secured party or its representative, and identifies the collateral; special real-property-related filings have extra requirements, and a financing statement may be filed before the security agreement is made or the security interest attaches.
This section says when a financing statement gives the debtor’s name correctly, including special rules for registered organizations, trusts, individuals, and other debtors.
A financing statement sufficiently describes collateral if it uses one of the listed forms of identification.
Some parties may file a financing statement or comply with a related statute or treaty using substitute terms like “consignor,” “lessor,” or “buyer” instead of “secured party” and “debtor.”
Minor errors in a financing statement do not make it ineffective unless they make it seriously misleading.
A filed financing statement stays effective after certain collateral transfers, and a debtor name problem does not always end perfection right away.
A filed financing statement naming the original debtor can remain effective when a new debtor becomes bound, but a name mismatch can make it seriously misleading and limit how long it covers later-acquired collateral.
A person may file certain financing statements or amendments only when the debtor, secured party of record, or other stated conditions authorize the filing.
A filed record is effective only if filed by someone authorized to file it; a record authorized by one secured party does not affect another secured party’s financing statement; and a continuation statement filed too late is ineffective.
This section says who counts as the secured party of record for a financing statement, including certain named assignees, and that the status continues until a filing deletes the person.
A person may amend a financing statement by filing an amendment in the original filing office, but certain ineffective amendments and effectiveness rules apply.
A secured party must file or cause a termination statement when the financing statement covers consumer goods and the debt is gone or the initial filing was unauthorized.
A secured party of record may assign all or part of its power to authorize an amendment to a financing statement by filing the required amendment in the filing office.
A secured party of record may file a master assignment to transfer rights under 20 or more financing statements, or file a master amendment to change its name and mailing address for 20 or more financing statements.
This section sets how long a financing statement stays effective and when a continuation statement can be filed.
This section says when a record counts as filed and when a filing office may refuse it.
If the filing office or secretary of state makes an indexing/transmission error, the filed record is still effective.
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