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Control agreement not automatic subordination

La. R.S. 10:9-343
in effect
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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. Acts 2001, No. 128, §1, eff. July 1, 2001.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=74445Fetched: 10/20/2026

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