La. Civ. Code art. 3136
Current with changes from the 2024 3rd Extraordinary Session effective on or before 1/1/2025
Security is an accessory right established by legislation or contract over property, or an obligation undertaken by a person other than the principal obligor, to secure performance of an obligation. It is accessory to the obligation it secures and is transferred with the obligation without a special provision to that effect.
La. C.C. § 3136