Louisiana § 10:13-303 Security interest unperfected before effective date

Louisiana Statutes

§ 10:13-303 — Security interest unperfected before effective date

Louisiana·Title 10 Commercial Laws

§13-303. Security interest unperfected before effective date A security interest that is enforceable immediately before August 1, 2024, but is unperfected at that time:

(1)remains an enforceable security interest until the adjustment date;

(2)remains enforceable thereafter if the security interest becomes enforceable under R.S. 10:9-203, as amended by this Act, on August 1, 2024, or before the adjustment date; and

(3)becomes perfected:

(A)without further action, on August 1, 2024, if the requirements for perfection under this Act are satisfied before or at that time; or

(B)when the requirements for perfection are satisfied if the requirements are satisfied after that time.

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§13-303. Security interest unperfected before effective date
A security interest that is enforceable immediately before August 1, 2024, but is
unperfected at that time:
(1) remains an enforceable security interest until the adjustment date;
(2) remains enforceable thereafter if the security interest becomes enforceable under
R.S. 10:9-203, as amended by this Act, on August 1, 2024, or before the adjustment date; and
(3) becomes perfected:
(A) without further action, on August 1, 2024, if the requirements for perfection
under this Act are satisfied before or at that time; or
(B) when the requirements for perfection are satisfied if the requirements are
satisfied after that time.

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