Louisiana Enacts the 2010 Amendments to UCC Article 9
June 5, 2012
Louisiana becomes the latest state to enact the 2010 Amendments to UCC Article 9. The governor signed House Bill 369 on Sunday, June 3, 2012. The new law enacts the Alternative A “Only If” approach for individual debtor name sufficiency in Section 9-503(a)(4) and adopts the uniform effective date of July 1, 2013.
The new law omits changes to the safe harbor forms in Section 9-521. Instead, Louisiana will retain its current non-uniform version of Section 9-521 that requires filing offices to accept forms approved by the secretary of state.
CSC will continue to provide updates for any significant developments with state Article 9 legislation.
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