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Home » US Law » 2022 Louisiana Laws » Civil Code » CHAPTER 2. THE PLEDGE OF THE LESSOR'S RIGHTS IN THE LEASE OF AN IMMOVABLE AND ITS RENTS

Art. 3168. Ownership of fruits of thing pledged

CHAPTER 2. THE PLEDGE OF THE LESSOR’S RIGHTS IN THE LEASE OF AN IMMOVABLE AND ITS RENTS Art. 3168. Requirements of contract A contract establishing a pledge of the lessor’s rights in the lease of an immovable and its rents must state precisely the nature and situation of the immovable and must state the amount […]

Art. 3169. Imputation of interest earned by credit pledged

Art. 3169. Effectiveness against third persons 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 […]

Art. 3171. Indivisibility of pawn as to heirs of debtor and creditor

Art. 3171. Pledge of all or part of the leases of an immovable A pledge may be established over all or part of the leases of an immovable, including those not yet in existence, without the necessity of specific description of the leases in the contract establishing the pledge. If the pledge is established over […]

Art. 3172. Surplus or deficiency after sale

Art. 3172. Pledge of mineral payments by owner of land or holder of mineral servitude By express provision in a contract establishing a pledge, the owner of land or holder of a mineral servitude may pledge bonuses, delay rentals, royalties, and shut-in payments arising from mineral leases, as well as other payments that are classified […]

Art. 3173. Debtor taking pledge without creditor’s consent

Art. 3173. Accounting to other pledgees for rent collected Except as provided in this Article, a pledgee is not bound to account to another pledgee for rent collected. A pledgee shall account to the holder of a superior pledge for rent the pledgee collects more than one month before it is due and for rent […]

Art. 3174. Rights of creditor deceived as to pledge

Art. 3174. Judicial sale prohibited A pledge of the lessor’s rights in the lease of an immovable and its rents does not entitle the pledgee to cause the rights of the lessor to be sold by judicial process. Any clause to the contrary is absolutely null. Acts 2014, No. 281, §1, eff. Jan. 1, 2015.

Art. 3175. Acquisitive prescription of pledge impossible

Art. 3175. Applicability of general rules of pledge In all matters for which no special provision is made in this Chapter, the pledge of the lessor’s rights in the lease of an immovable and its rents is governed by the provisions of Chapter 1 of this Title. Acts 2014, No. 281, §1, eff. Jan. 1, […]