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Current as of January 01, 2023 | Updated by Findlaw Staff
(a) Discharge of tortfeasor. Subject to Subsections (b) through (c) of this Section, a person obligated on a tort claim may discharge its obligation by paying the debtor until, but not after, the person receives a notification, signed by the debtor or the secured party, that the amount due has been assigned and that payment is to be made to the secured party. After receipt of the notification, the person may discharge its obligation by paying the secured party and may not discharge the obligation by paying the debtor.
(b) When notification ineffective. Notification is ineffective under Subsection (a) if it does not reasonably identify the rights assigned.
(c) Proof of security interest. If requested by the person obligated on the tort claim, a secured party shall seasonably furnish to the person reasonable proof that the assignment of the tort claim has been made. Unless the secured party complies, the person may discharge its obligation by paying the debtor, even if the person has received a notification under Subsection (a).
(d) Enforcement. After notification, the secured party has the rights established under R.S. 13:3864 through 13:3868.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 10, § 9-412. Discharge of tortfeasor; notification and filing of assignment - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-10-sect-9-412/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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