Louisiana Civil Code 3169 – Imputation of interest earned by credit pledged
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Terms Used In Louisiana Civil Code 3169
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The pledge of the lessor’s rights in the lease of an immovable and its rents is without effect as to third persons unless the contract establishing the pledge is recorded in the manner prescribed by law.
Nevertheless, the pledge is effective as to the lessee from the time that he is given written notice of the pledge, regardless of whether the contract establishing the pledge has been recorded.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.