Pledgee's right to enforce payment of credit pledged; imputation of proceeds

1. Law
2. Louisiana Laws
3. Civil Code
4. Pledgee's right to enforce payment of credit pledged; imputation of proceeds

A pledge of the lessor's rights in the lease of an immovable and its rents may be established in an act of mortgage of the immovable. In that event, the pledge is given the effect of recordation for so long as the mortgage is given that effect and is extinguished when the mortgage is extinguished.

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.

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