For the first time, readers will find here in one place a clear and up-to-date discussion of all of the various “security devices” in Louisiana law, including the most current Louisiana version of Article 9 of the Uniform Commercial Code, mortgages, statutory liens (“privileges”), and personal guarantees (“suretyship”). Written to be easily accessible by non-experts, this book offers both a basic introduction and a detailed but concise explanation of the operation of each of the available security devices, including the complex rules for determining priority among the various devices when they compete with each other, a trustee in bankruptcy, or the Internal Revenue Service.

With the help of a logically structured and detailed table of contents, as well as simple illustrations of particularly complex topics, students and lawyers can solve difficult problems with minimal effort. By bringing all of this material together in a clear and focused framework, this book is designed to reduce study and research time for complex secured transactions questions and to increase students’ and lawyers’ confidence in the resolution of often difficult and confusing commercial law problems in the unique environment of Louisiana law.