Louisiana § 9:4402 Right of pledgee to cash proceeds of rent

Louisiana Statutes

§ 9:4402 — Right of pledgee to cash proceeds of rent

Louisiana § 9:4402

Title 9Civil Code-Ancillaries

This text of Louisiana § 9:4402 (Right of pledgee to cash proceeds of rent) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 9:4402 (2026).

Text

A. Unless otherwise agreed, a pledge of the lessor's interest in the rents of an immovable encumbers any identifiable cash proceeds of rent, such as money, checks, deposit accounts, or the like. B. The right of a pledgee to proceeds of rent deposited into a deposit account maintained with a financial institution are subject to the rights of the following persons:

(1)The financial institution with which the deposit account is maintained.

(2)A transferee of funds from the deposit account, unless the transferee acts in collusion with the pledgor in violating the rights of the pledgee.

(3)A secured party holding a security interest perfected by control of the deposit account in accordance with R.S. 10:9-104.

(4)Another pledgee holding a superior pledge of the rent. C. Notwithstanding Subse

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A. Unless otherwise agreed, a pledge of the lessor's interest in the rents of an immovable encumbers any identifiable cash proceeds of rent, such as money, checks, deposit accounts, or the like.
B. The right of a pledgee to proceeds of rent deposited into a deposit account maintained with a financial institution are subject to the rights of the following persons:
(1) The financial institution with which the deposit account is maintained.
(2) A transferee of funds from the deposit account, unless the transferee acts in collusion with the pledgor in violating the rights of the pledgee.
(3) A secured party holding a security interest perfected by control of the deposit account in accordance with R.S. 10:9-104.
(4) Another pledgee holding a superior pledge of the rent.
C. Notwithstanding Subsection B of this Section, the right of a pledgee to collections of rent deposited into a deposit account maintained by him or for his benefit is superior to the right of another pledgee to those collections, unless the pledgee who collected the rent has an obligation to account for the collections to the other pledgee under Civil Code Article 3173.