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.
Article 3143 active cc book
Pledge of property susceptible of encumbrance by security interest ACTIVE
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References
None.
Cited by
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History
- enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015