United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:13-305

This section says the Act controls priority disputes over collateral, but earlier-established priorities remain governed by prior Chapter 9 rules, and some prior Chapter 12 priorities stop applying on the adjustment date…

collateral priority

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“This section says the Act controls priority disputes over collateral, but earlier-established priorities remain governed by prior Chapter 9 rules, and some prior Chapter 12 priorities stop applying on the adjustment date if the amended rules change them.”

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RS 10:13-305

This section says the Act controls priority disputes over collateral, but earlier-established priorities remain governed by prior Chapter 9 rules, and some prior Chapter 12 priorities stop applying on the adjustment date if the amended rules change them.

Section 10:13-305

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§ 10:13-305RS 10:13-305Amendment

This section says the Act controls priority disputes over collateral, but earlier-established priorities remain governed by prior Chapter 9 rules, and some prior Chapter 12 priorities stop applying on the adjustment date if the amended rules change them.

§13-305. Priority (a) Determination of priority. Subject to Subsections (b) and (c) of this Section, this Act determines the priority of conflicting claims to collateral. (b) Established priorities. Subject to Subsection (c) of this Section, if the priorities of claims to collateral were established before August 1, 2024, Chapter 9 of this Title as in effect before August 1, 2024, determines priority. (c) Determination of certain priorities on adjustment date. On the adjustment date, to the extent the priorities determined by Chapter 9 of this Title as amended by this Act modify the priorities established before August 1, 2024, the priorities of claims to Chapter 12 property established before August 1, 2024, cease to apply. Acts 2024, No. 773, §1.
Section 10:13-305Verify source

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