No privilege shall have effect against third persons, unless recorded in the manner required by law in the parish where the property to be affected is situated. It shall confer no preference on the creditor who holds it, over creditors who have acquired a mortgage, unless the act or other evidence of the debt is recorded within seven days from the date of the act or obligation of indebtedness when the registry is required to be made in the parish where the act was passed or the indebtedness originated and within fifteen days, if the registry is required to be made in any other parish of this state. It shall, however, have effect against all parties from date of registry.
The provisions of this Article are subject to exceptions provided by legislation.
Amended by Acts 1877, No. 45; Acts 2019, No. 325, §2, eff. Jan. 1, 2020.