La. Stat. tit. 10 § 9-343

Current with changes from the 2024 Legislative Session

Section 10:9-343 - Control agreement not automatic subordination

An agreement of the kind specified in R.S. 10:9-104(a)(2) does not constitute a waiver or subordination of a security interest in favor of the bank unless it specifically so provides.

La. R.S. § 10:9-343

Acts 2001, No. 128, §1, eff. 7/1/2001.