Examples of Louisiana UCC in a sentence
The Issuer authorizes the Indenture Trustee (but the Indenture Trustee is not required) to file financing statements covering the Trust Estate, either as described above or by using more general terms as permitted by Section 9-504 of the Louisiana UCC; provided, however, that such authorization shall not be deemed an obligation.
The Issuer shall have made or caused to be made all filings with the Council and the Louisiana UCC Filing Officer pursuant to the Financing Order and the Storm Recovery Securitization Law and all other filings necessary to perfect the Grant of the Storm Recovery Bond Collateral to the Indenture Trustee and the Lien of this Indenture.
The Seller shall notify the Issuer and the Indenture Trustee promptly after becoming aware of any Lien on any of the Storm Recovery Property, other than the conveyances hereunder, any Lien under the Basic Documents or any Lien under Section 1231 of the Storm Recovery Securitization Law or the Louisiana UCC for the benefit of the Issuer or the Secured Parties.
The Issuer shall have made or caused to be made all filings with the LPSC and the Louisiana UCC Filing Officer pursuant to the Financing Order and the Investment Recovery Securitization Law and all other filings necessary to perfect the Grant of the Investment Recovery Bond Collateral to the Indenture Trustee and the Lien of this Indenture.
As such, the transaction was a ‘security interest’ under La UCC § 1 201(37) and a secured transaction subject to Louisiana UCC Article 9.
The Seller shall notify the Issuer and the Indenture Trustee promptly after becoming aware of any Lien on any of the Investment Recovery Property, other than the conveyances hereunder, any Lien under the Basic Documents or any Lien under Section 1256 of the Investment Recovery Securitization Law or the Louisiana UCC for the benefit of the Issuer or the Secured Parties.
The Appeals court erred in not recognizing this fact.” (Emphasis added.) The article’s final observation was that, “[t]he Mahayna [decision] is the first case decided by a Louisiana Court that incorrectly interpreted and applied the provisions of Louisiana UCC Article 9.
Sugarland also contends that, under § 9-404(a) of the Louisiana UCC, Advanta’s rights in the RICs are subject to any defense or claim arising from the transactions giving rise to the RICs, including Sugarland’s defense that its assignments to Argo are dissolved because of Argo’s failure to pay the purchase prices for each.
Under the Louisiana UCC, promissory notes do not need to be signed by the lender to be valid and enforceable.
See La. R.S. 10:1-103 (“Unless displaced by the particular provisions of this Title, the other laws of Louisiana shall apply.”); La. R.S. 9:3192 (providing that, “[i]n the case of conflict between the provisions of Title VII of Book III of the Civil Code, governing sales and any provisions of any special legislation, such as those contained in Titles 9 and 10 [the Louisiana UCC] of the Louisiana Revised Statutes of 1950 .