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2018 Louisiana Laws
Revised Statutes
TITLE 10 - Commercial Laws
RS 10:9-343 - Control agreement not automatic subordination
Universal Citation: LA Rev Stat § 10:9-343 (2018)
§9-343. Control agreement not automatic subordination
An agreement of the kind specified in R.S. 10:9-104(a)(2) does not constitute a waiver or subordination of a security interest in favor of the bank unless it specifically so provides.
Acts 2001, No. 128, §1, eff. July 1, 2001.
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