Usufruct
Article 3137

Personal or real security ACTIVE

Security is personal or real.

It is personal when it consists of an obligation undertaken to secure performance of the obligation of another.

It is real when it consists of a right of preference established over property of the obligor or of a third person to secure performance of an obligation.

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JSON Markdown Source (legis.la.gov)

References

None.

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History

  • enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015

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Cite Article 3137

Bluebook
La. Civ. Code art. 3137 (2026).
Permalink
https://theusufruct.com/cc/3137
BibTeX
@misc{lacivcode-art-3137,
  title        = {La. Civ. Code art. 3137},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/3137},
  note         = {Snapshot 2026-05-22}
}