{"data":{"id":"us-la/rs-10-9-323","jurisdiction":"us-la","citation":"RS 10:9-323","heading":"Future advances","body":"(a) When priority based on time of advance. Except as otherwise provided in Subsection (c), for purposes of determining the priority of a perfected security interest under R.S. 10:9-322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:\n(1) is made while the security interest is perfected only:\n(A) under R.S. 10:9-309 when it attaches; or\n(B) temporarily under R.S. 10:9-312(e), (f), or (g); and\n(2) is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under R.S. 10:9-309 or 9-312(e), (f), or (g).\n(b) Lien creditor. Except as otherwise provided in Subsection (c), a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than forty-five days after the person becomes a lien creditor unless the advance is made:\n(1) without knowledge of the lien creditor's claim; or\n(2) pursuant to a commitment entered into without knowledge of the lien creditor's claim.\n(c) Buyer of receivables. Subsections (a) and (b) do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.\n(d) Buyer of goods. Except as otherwise provided in Subsection (e) of this Section, a buyer of goods takes free of a security interest to the extent that it secures advances made after the earlier of:\n(1) the time the secured party acquires knowledge of the buyer's purchase; or\n(2) forty-five days after the purchase.\n(e) Advances made pursuant to commitment: priority of buyer of goods. Subsection (d) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer's purchase and before the expiration of the forty-five-day period.\n(f) Lessee of goods. Except as otherwise provided in Subsection (g) of this Section, a lessee of goods takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:\n(1) the time the secured party acquires knowledge of the lease; or\n(2) forty-five days after the lease becomes enforceable.\n(g) Advances made pursuant to commitment: priority of lessee of goods. Subsection (f) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the forty-five-day period.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74424","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:08Z","sha256":"37567442545335b8cde461604731d8623e0cb6d7cfb80c6eb1c7d210c61a2324","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-322","next":"us-la/rs-10-9-324"},"notice":"GroundRules: Original legal text. Not legal advice."}