§ 31:204 — Security interest in minerals and proceeds thereof

§204. Security interest in minerals and proceeds thereof
The Uniform Commercial Code - Secured Transactions governs the manner of
creation of security interests in minerals produced and the proceeds from their sale or other
disposition, as well as the rights of the holders of these security interests against obligors and
third persons.
{{NOTE: SEE ACTS 1989, NO. 137, §§20 AND 21.}}

Legislative History

Acts 1974, No. 50, §204, eff. Jan. 1, 1975; Acts 1989, No. 137, §10, eff. Sept. 1, 1989; Acts 2023, No. 88, §1.