§ 10:9-314.1 — Perfection by possession and control of chattel paper

Louisiana § 10:9-314.1

• Jurisdiction: Louisiana
• Title 10: Commercial Laws

Text

§9-314.1. Perfection by possession and control of chattel paper
(a) Perfection by possession and control. A secured party may perfect a security
interest in chattel paper by taking possession of each authoritative tangible copy of the record
evidencing the chattel paper and obtaining control of each authoritative electronic copy of
the electronic record evidencing the chattel paper.
(b) Time of perfection; continuation of perfection. A security interest is perfected
under Subsection (a) of this Section not earlier than the time the secured party takes
possession and obtains control and remains perfected under Subsection (a) of this Section
only while the secured party retains possession and control.
(c) Application of R.S. 10:9-313 to perfection by possession of chattel paper. R.S.
10:9-313(c) and (f) through (i) applies to perfection by possession of an authoritative tangible
copy of a record evidencing chattel paper.

Legislative History

Acts 2024, No. 773, §1.