Louisiana Revised Statutes 31:204 – The Uniform Commercial Code – Secured Transactions governs the manner of creation of security interests in minerals produced and the proceeds from their sale or other disposition, as
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Terms Used In Louisiana Revised Statutes 31:204
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
The Uniform Commercial Code – Secured Transactions governs the manner of creation of security interests in minerals produced and the proceeds from their sale or other disposition, as well as the rights of the holders of these security interests against obligors and third persons.
Acts 1974, No. 50, §204, eff. Jan. 1, 1975; Acts 1989, No. 137, §10, eff. Sept. 1, 1989; Acts 2023, No. 88, §1.
{{NOTE: SEE ACTS 1989, NO. 137, §§20 AND 21.}}