United States — Louisiana Act or statute

United States — Louisiana legislation

RS 9:5553

Third persons generally may not challenge enforcement of a vendor’s privilege on the listed grounds if the obligor does not raise them and recordation effects continue, except for forged signatures.

recordation defensessecured transactionsvendor's privilege

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“Third persons generally may not challenge enforcement of a vendor’s privilege on the listed grounds if the obligor does not raise them and recordation effects continue, except for forged signatures.”

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RS 9:5553

Third persons generally may not challenge enforcement of a vendor’s privilege on the listed grounds if the obligor does not raise them and recordation effects continue, except for forged signatures.

Section 9:5553

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§ 9:5553RS 9:5553Provision

Third persons generally may not challenge enforcement of a vendor’s privilege on the listed grounds if the obligor does not raise them and recordation effects continue, except for forged signatures.

§5553. Defenses to enforcement of a vendor's privilege If the obligor of the written obligation that the vendor's privilege secures does not raise the following defenses or claim the extinction of the vendor's privilege, then, as long as the effects of recordation continue in accordance with Articles 3328 through 3334 of the Civil Code, third persons may not raise as a defense to the enforcement or claim the extinction of the vendor's privilege for any cause, other than forged signatures, based on: the invalidity of the written obligation; the extinction of the written obligation; or the lack of registry or any deficiency in registry of any transfer, assignment, or pledge of the written obligation from the original vendee. Acts 1989, No. 137, §7, eff. Sept. 1, 1989; Acts 1989, No. 598, §1, eff. Sept. 1, 1989; Acts 1995, No. 1087, §3.
Section 9:5553Verify source

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  • Civil Code

    Section 9:5553

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