Real Property CLE - New Pledge and Assignment of Lease Articles

September 25 2014 | Committees

On September 24th at noon, Robert Thibeaux, chair of the Real Property Law committee, provided a CLE program on the new pledge articles in the Civil Code, which take effect on January 1, 2015.  The new articles create a pledge of leases and rents for the first time in the Civil Code, with rules modelled on existing rules for assignments of leases and rents under 9:4401.  The recordation rules for the new pledge were discussed, as was the similarity of the new pledge laws to existing mortgage laws pertaining to granting clauses and reinscription.


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