§ 10:1-301 — Territorial applicability; parties' power to choose applicable law

§1-301. Territorial applicability; parties' power to choose applicable law
(a) [Reserved]
(b) This section applies to a transaction to the extent that it is governed by another
Chapter of this Title.
(c) Except as otherwise provided in this Section:
(1) [Reserved.]
(2) The effectiveness of an agreement by parties to a transaction that any or all of
their rights and obligations are to be determined by the law of this state or of another state
or country is governed by the provisions of Book IV of the Louisiana Civil Code.
(d) In the absence of an agreement effective under Subsection (c), and except as
provided in Subsection (g), the rights and obligations of the parties are determined by the law
that would be selected by application of Book IV of the Louisiana Civil Code.
(e) [Reserved.]
(f) [Reserved.]
(g) To the extent that this Title governs a transaction, if one of the following
provisions of this Title specifies the applicable law, that provision governs and a contrary
agreement is effective only to the extent permitted by the law so specified:
(1) [Reserved.]
(2) [Reserved.]
(3) R.S. 10:4-102;
(4) R.S. 10:4A-507;
(5) R.S. 10:5-116;
(6) [Reserved.]
(7) R.S. 10:8-110;
(8) R.S. 10:9-301 through 9-307;
(9) R.S. 10:12-107.

Legislative History

Acts 2006, No. 533, §1; Acts 2024, No. 773, §1.