La. Civ. Code art. 3149
Current with changes from the 2024 Legislative Session
The pledge of a corporeal movable is effective between the parties only if the thing pledged has been delivered to the pledgee or a third person who has agreed to hold the thing for the benefit of the pledgee. The pledge of other things is effective between the parties only if established by written contract, but delivery is not required.
La. C.C. § 3149