Art. 3143. Pledge of property susceptible of encumbrance by security interest 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. Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Pledge of property susceptible of encumbrance by security interest
La. Civ. Code art. 3143
La. Civ. Code art. 3143