§ 10:13-301 — Saving clause

Louisiana § 10:13-301

• Jurisdiction: Louisiana
• Title 10: Commercial Laws

Text

§13-301. Saving clause
(a) Pre-effective-date transaction, lien, or interest. Except as provided in this Part,
Chapter 9 of this Title as amended by this Act and Chapter 12 of this Title apply to a
transaction, lien, or other interest in property, even if the transaction, lien, or interest was
entered into, created, or acquired before August 1, 2024.
(b) Continuing validity. Except as provided in Subsection (c) of this Section and
R.S. 10:13-302 through 13-306:
(1) a transaction, lien, or interest in property that was validly entered into, created,
or transferred before August 1, 2024, and was not governed by this Title, but would be
subject to Chapter 9 of this Title as amended by this Act or Chapter 12 of this Title if it had
been entered into, created, or transferred on or after August 1, 2024, including the rights,
duties, and interests flowing from the transaction, lien, or interest, remains valid on and after
August 1, 2024; and
(2) the transaction, lien, or interest may be terminated, completed, consummated, and
enforced as required or permitted by this Act or by the law that would apply if this Act had
not taken effect.
(c) Pre-effective-date proceeding. This Act does not affect an action, case, or
proceeding commenced before August 1, 2024.

Legislative History

Acts 2024, No. 773, §1.