Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A good-faith transferee can take collateral free of certain rights and interests; otherwise, the transferee takes the collateral subject to them.”
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02
How the instrument operates
- 01
Start with the recorded version
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- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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A good-faith transferee can take collateral free of certain rights and interests; otherwise, the transferee takes the collateral subject to them.
Section 10:9-617
04
Source and current-law status
Source record view
Source record from legis.la.gov · Undated source snapshot
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