Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A fiduciary may be named as mortgagee in trust for creditors, and the fiduciary must be appointed as special attorney-in-fact for the holders of the secured obligations.”
Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.
02
How the instrument operates
- 01
Start with the recorded version
Undated source snapshot. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 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
Selected provisions across the instrument. Open any row to continue with the exact stored text.
A fiduciary may be named as mortgagee in trust for creditors, and the fiduciary must be appointed as special attorney-in-fact for the holders of the secured obligations.
Section 9:5302
04
Source and current-law status
Source record view
Source record from legis.la.gov · Undated source snapshot
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.