La. Rev. Stat. § 9:5528

Every mortgage of a ship shall be effective as against third persons from the time of filing in the proper offices, and the filing shall be notice to all parties of the existence of the mortgage, which shall be superior in rank to any privilege or preference arising subsequent thereto, but nothing contained in this Chapter shall affect any rights or privileges granted by law to sellers, laborers, and suppliers of materials in the construction of the ship or to the builder.

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§5528. Effect of filing; rights and privileges retained

Every mortgage of a ship shall be effective as against third persons from the time of filing in the proper offices, and the filing shall be notice to all parties of the existence of the mortgage, which shall be superior in rank to any privilege or preference arising subsequent thereto, but nothing contained in this Chapter shall affect any rights or privileges granted by law to sellers, laborers, and suppliers of materials in the construction of the ship or to the builder.

Added by Acts 1975, No. 368, §1.

Notes of Decisions

Cited in 2 cases, 1981–1995 · leading case: First Nat. Bank v. Beckwith MacHinery Co.

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First Nat. Bank v. Beckwith MacHinery Co. (1995) la “R.S. 9:5528, which provides: Every mortgage of a ship shall be effective as against third persons from the time of filing in the proper offices, and the filing shall be notice to all parties of the existence of the mortgage, which shall be superior in rank to any privilege or…”

Glazer Steel Corp. v. Sandoz (In re Gulf Overseas Service Corp.) (1981) lawd “When there is competition between a ship mortgage and certain privileged creditors, the provisions of R.S. 9:5528 prevail. This statute provides: “Every mortgage of a ship shall be effective as against third persons from the time of filing in the proper offices, and the filing…”

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