La. R.S. 10:9-107.3

Control of controllable electronic record, controllable account, or controllable payment intangible

Known as the Uniform Commercial Code

The act spans §§ 10-1-101 to 10-9-343 (238 sections).

Acts 2024, No. 773, §1.

(a) Control under R.S. 10:12-105. A secured party has control of a controllable electronic record as provided in R.S. 10:12-105.

(b) Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.