Louisiana Security Devices: A Précis
For the first time, readers will find here in one place a clear and up-to-date discussion of all of the various “security devices” in Louisiana law, including the most current Louisiana version of Article 9 of the Uniform Commercial Code, mortgages, statutory liens (“privileges”), and personal guarantees (“suretyship”). Written to be easily accessible by non-experts, this book offers both a basic introduction and a detailed but concise explanation of the operation of each of the available security devices, including the complex rules for determining priority among the various devices when they compete with each other, a trustee in bankruptcy, or the Internal Revenue Service. With the help of a logically structured and detailed table of contents, as well as simple illustrations of particularly complex topics, students and lawyers can solve difficult problems with minimal effort. By bringing all of this material together in a clear and focused framework, this book is designed to reduce study and research time for complex secured transactions questions and to increase students' and lawyers' confidence in the resolution of often difficult and confusing commercial law problems in the unique environment of Louisiana law. Jason Kilborn is a professor at Louisiana State University Law Center.
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UCC Article 9 and Security Interests
3 Perfection of Security Interests by Filing
4 Alternative Perfection Methods
13 other sections not shown
amount arise Article 9 security attachment authenticated bank bankruptcy bond borrower buyer certificate charging lien Civil Code collateral mortgage note creditor's rights crop privileges curity interest debt debtor debtor's name debtor's property default defenses deposit account discussed effective enforce equipment eral erty example fected financing statement fixture filing foreclosure gage immovable property indebtedness inventory judgment later lease lender lessor's privilege liable lien creditor line of credit Louisiana law matter of law ment mort mortgage law mortgage records mortgagor movable property notice of contract original UCC-1 owner payment perfected security interest PMSI possession possessory principal obligor prior perfected priority proceeds provides PWA claimants PWA privileges rank repossession requirements rules secured creditor secured obligation secured transactions security agreement specific Stat statement of claim statute subrogation surety surety's suretyship tax lien terests third parties transfer UCC9 unpaid vendor's privilege