La. Civ. Code art. 3137
This is the official text of La. Civ. Code art. 3137, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Personal or real security
Official statutory text
Security is personal or real.
It is personal when it consists of an obligation undertaken to secure performance of the obligation of another.
It is real when it consists of a right of preference established over property of the obligor or of a third person to secure performance of an obligation.
Acts 2014, No. 281, ยง1, eff. Jan. 1, 2015.
It is personal when it consists of an obligation undertaken to secure performance of the obligation of another.
It is real when it consists of a right of preference established over property of the obligor or of a third person to secure performance of an obligation.
Acts 2014, No. 281, ยง1, eff. Jan. 1, 2015.
Status: in_force · Read it on the official government site
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