{"data":{"id":"us-la/rs-10-9-611","jurisdiction":"us-la","citation":"RS 10:9-611","heading":"Notification before disposition of collateral","body":"(a) \"Notification date.\" In this Section, \"notification date\" means the earlier of the date on which:\n(1) a secured party sends to the debtor and any secondary obligor a signed notification of disposition; or\n(2) the debtor and any secondary obligor waive the right to notification.\n(b) Notification of disposition required. Except as otherwise provided in Subsection (d) of this Section, a secured party that disposes of collateral under R.S. 10:9-610 shall send to the persons specified in Subsection (c) of this Section a reasonable signed notification of disposition.\n(c) Persons to be notified. To comply with Subsection (b) of this Section, the secured party shall send a signed notification of disposition to:\n(1) the debtor;\n(2) any secondary obligor; and\n(3) if the collateral is other than consumer goods:\n(A) any other person from which the secured party has received, before the notification date, a signed notification of a claim of an interest in the collateral;\n(B) any other secured party or lienholder that, ten days before the notification date, held a security interest in or lien on the collateral perfected by the filing of a financing statement that:\n(i) identified the collateral;\n(ii) was indexed under the debtor's name as of that date; and\n(iii) was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and\n(C) any other secured party that, ten days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in R.S. 10:9-311(a).\n(d) Subsection (b) inapplicable: perishable collateral; recognized market. Subsection (b) does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.\n(e) Compliance with Subparagraph (c)(3)(B). A secured party complies with the requirement for notification prescribed by Subparagraph (c)(3)(B) of this Section if:\n(1) not later than twenty days or earlier than thirty days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in Subsection (c)(3)(B); and\n(2) before the notification date, the secured party:\n(A) did not receive a response to the request for information; or\n(B) received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74496","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:10Z","sha256":"3f929fa75aea1c3a84d53b0da7a3e6d2f6ab23d34ab4b1dd6800c02a8af550da","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-610","next":"us-la/rs-10-9-612"},"notice":"GroundRules: Original legal text. Not legal advice."}