Louisiana § 10:13-304 Effectiveness of actions taken before effective date

Louisiana Statutes

§ 10:13-304 — Effectiveness of actions taken before effective date

Louisiana·Title 10 Commercial Laws

§13-304. Effectiveness of actions taken before effective date

(a)Pre-effective-date action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before August 1, 2024, and the action would have resulted in perfection of the security interest had the security interest become enforceable before August 1, 2024, the action is effective to perfect a security interest that attaches under this Act before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under this Act before the adjustment date.

(b)Pre-effective-date filing. The filing of a financing statement before August 1, 2024, is effective to perfect a security inte

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§13-304. Effectiveness of actions taken before effective date
(a) Pre-effective-date action; attachment and perfection before adjustment date. If
action, other than the filing of a financing statement, is taken before August 1, 2024, and the
action would have resulted in perfection of the security interest had the security interest
become enforceable before August 1, 2024, the action is effective to perfect a security
interest that attaches under this Act before the adjustment date. An attached security interest
becomes unperfected on the adjustment date unless the security interest becomes a perfected
security interest under this Act before the adjustment date.
(b) Pre-effective-date filing. The filing of a financing statement before August 1,
2024, is effective to perfect a security interest on August 1, 2024, to the extent the filing
would satisfy the requirements for perfection under this Act.
(c) Pre-effective-date enforceability action. The taking of an action before August
1, 2024, is sufficient for the enforceability of a security interest on August 1, 2024, if the
action would satisfy the requirements for enforceability under this Act.

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