§ 10:9-306.2 — Law governing perfection and priority of security interests in controllable

Louisiana § 10:9-306.2

• Jurisdiction: Louisiana
• Title 10: Commercial Laws

Text

§9-306.2. Law governing perfection and priority of security interests in controllable
accounts, controllable electronic records, and controllable payment intangibles
(a) Governing law: general rules. Except as provided in Subsection (b) of this
Section, the local law of the controllable electronic record's jurisdiction specified in R.S.
10:12-107(c) and (d) governs perfection, the effect of perfection or nonperfection, and the
priority of a security interest in a controllable electronic record and a security interest in a
controllable account or controllable payment intangible evidenced by the controllable
electronic record.
(b) When perfection governed by law of jurisdiction where debtor located. The local
law of the jurisdiction in which the debtor is located governs:
(1) perfection of a security interest in a controllable account, controllable electronic
record, or controllable payment intangible by filing; and
(2) automatic perfection of a security interest in a controllable payment intangible
created by a sale of the controllable payment intangible.

Legislative History

Acts 2024, No. 773, §1.