A private transfer fee obligation does not constitute a real right and is not effective or enforceable against third persons, whether or not the declaration or agreement under which it arises is recorded.
La. R.S. 9:3133
Private transfer fee; prohibition
Known as the Louisiana Exchange Sale of Receivables Act
The act spans §§ 9–9 (30 sections).
Acts 2010, No. 938, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.