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Current as of January 01, 2023 | Updated by Findlaw Staff
Pledge gives the pledgee the right to be satisfied from the thing pledged and its fruits in preference to unsecured creditors of the pledgor and to other persons whose rights become effective against the pledgee after the pledge has become effective as to them.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. XX-A, Art. 3145. Preference afforded by pledge - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xx-a-art-3145/
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