There is a newer version of the Louisiana Laws
2014 Louisiana Laws
Civil Code
CC 3143 - Pledgor's rights at date of pledge
LA Civ Code 3143 What's This?
Art. 3143. Pledge of property susceptible of encumbrance by security interest
A contract by which a person purports to pledge a thing that is susceptible of encumbrance by security interest does not create a pledge under this Title but may be effective to create a security interest in the thing.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
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