2016 Louisiana Laws
Civil Code
CC 3358 - Duration of recordation of certain mortgages and vendor's privileges
NOTE: Art. 3358 eff. until Jan. 1, 2015. See Acts 2014, No. 281, §1.
Art. 3358. Duration of recordation of certain mortgages and vendor's privileges
If an instrument creating a mortgage or evidencing a vendor's privilege describes the maturity of any obligation secured by the mortgage or privilege and if any part of the described obligation matures nine years or more after the date of the instrument, the effect of recordation ceases six years after the latest maturity date described in the instrument.
NOTE: Art. 3358 as amended by Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Art. 3358. Duration of recordation of certain mortgages, pledges, and privileges
If an instrument creating a mortgage or pledge or evidencing a privilege describes the maturity of any obligation secured by the mortgage, pledge, or privilege and if any part of the described obligation matures nine years or more after the date of the instrument, the effect of recordation ceases six years after the latest maturity date described in the instrument.
Acts 2005, No. 169, §1, eff. Jan. 1, 2006; Acts 2005, 1st Ex. Sess., No. 13, §1, eff. Nov. 29, 2005; Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
NOTE: Acts 2005, 1st Ex. Sess., No. 13, §1, changed the effective date of Acts 2005, No. 169, to July 1, 2006.
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