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Code · Louisiana · Title 10 — Commercial Laws

RS 10:9-411

106 words·~1 min read·/la/title-10/10-345

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RS 10:9-411
§9-411. Judgments and litigious rights
(a)Judicial mortgages. Law other than this Chapter governs the rights of third persons with respect to real property burdened by a judicial mortgage created by filing a judgment, including the effect of releases of the judicial mortgage by the mortgagee of record.
(b)Enforcement. After notification, the secured party has the rights established under R.S. 13:3864 through 13:3868.
(c)Litigious rights. Civil Code Article 2652 shall not apply to the creation of a security interest in a litigious right or to the foreclosure or other sale in enforcement thereof.
Acts 2001, No. 128, §1, eff. July 1, 2001.
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