Louisiana § 10:9-411 Judgments and litigious rights

Louisiana Statutes

§ 10:9-411 — Judgments and litigious rights

Louisiana·Title 10 Commercial Laws

(a)Judicial mortgages. Law other than this Chapter governs the rights of third persons with respect to real property burdened by a judicial mortgage created by filing a judgment, including the effect of releases of the judicial mortgage by the mortgagee of record.

(b)Enforcement. After notification, the secured party has the rights established under R.S. 13:3864 through 13:3868.

(c)Litigious rights. Civil Code Article 2652 shall not apply to the creation of a security interest in a litigious right or to the foreclosure or other sale in enforcement thereof.

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(a) Judicial mortgages. Law other than this Chapter governs the rights of third persons with respect to real property burdened by a judicial mortgage created by filing a judgment, including the effect of releases of the judicial mortgage by the mortgagee of record.
(b) Enforcement. After notification, the secured party has the rights established under R.S. 13:3864 through 13:3868.
(c) Litigious rights. Civil Code Article 2652 shall not apply to the creation of a security interest in a litigious right or to the foreclosure or other sale in enforcement thereof.

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