The Uniform Commercial Code - Secured Transactions governs the manner of creation of security interests in minerals produced and the proceeds from their sale or other disposition, as well as the rights of the holders of these security interests against obligors and third persons.
R.S. 31:204 active rs title
Security interest in minerals and proceeds thereof ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1974, No. 50, §204, eff. Jan. 1, 1975
- amendment Acts 1989, No. 137, §10, eff. Sept. 1, 1989
- amendment Acts 2023, No. 88, §1