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Code · Louisiana · Title 10 — Commercial Laws

RS 10:9-343

47 words·~1 min read·/la/title-10/10-333

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RS 10:9-343
§9-343. Control agreement not automatic subordination
An agreement of the kind specified in R.S. 10:9-104(a)(2) does not constitute a waiver or subordination of a security interest in favor of the bank unless it specifically so provides.
Acts 2001, No. 128, §1, eff. July 1, 2001.
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