RS 10:9-502

239 words·~1 min read·/la/title-10/10-348

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RS 10:9-502

§9-502. Contents of financing statement; time of filing financing statement

(a)Sufficiency of financing statement. Subject to Subsection (b), a financing statement is sufficient only if it:

(1)provides the name of the debtor;

(2)provides the name of the secured party or a representative of the secured party; and

(3)indicates the collateral covered by the financing statement.

(b)Real-property-related financing statements. To be sufficient, a financing statement that covers as-extracted collateral or standing timber that constitutes goods, or that is filed as a fixture filing and covers goods that are to become fixtures, must satisfy Subsection

(a)and also:

(1)indicate that it covers this type of collateral;

(2)[Reserved.]

(3)provide a description of the real property to which the collateral is related sufficient to cause the mortgage to be effective against third persons if the description were contained in a mortgage of real property filed for registry; and

(4)if the debtor does not have an interest of record in the real property, provide the name of a record owner.

(c)[Reserved.]

(d)Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.

Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 1990, No. 1079, §4, eff. Sept. 1, 1990; Acts 2001, No. 128, §1, eff. July 1, 2001.