CC 3143
61 words·~1 min read·
/la/3143A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CC 3143
Art. 3143. Pledge of property susceptible of encumbrance by security interest
A contract by which a person purports to pledge a thing that is susceptible of encumbrance by security interest does not create a pledge under this Title but may be effective to create a security interest in the thing.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.