2009 Louisiana Civil Code :: CC 3162 - Delivery to creditor or to third person.

Art. 3162. Delivery to creditor or to third person.

In no case does this privilege subsist on the pledge, except when the thing pledged, if it be a corporeal movable or the evidence of the credit if it be a note or other instrument under private signature, has been actually put and remained in the possession of the creditor, or of a third person agreed on by the parties.