La. Civ. Code art. 3145

Current with operative changes from the 2024 Third Special Legislative Session
Section 3145 - Preference afforded by pledge

Pledge gives the pledgee the right to be satisfied from the thing pledged and its fruits in preference to unsecured creditors of the pledgor and to other persons whose rights become effective against the pledgee after the pledge has become effective as to them.

La. C.C. § 3145

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Added by Acts 2014, No. 281,s. 1, eff. 1/1/2015.