2011 Louisiana Laws
Civil Code
CC 3169 — Imputation of interest earned by credit pledged.


LA Civ Code 3169 What's This?

Art. 3169. Imputation of interest earned by credit pledged.

If it is a credit which has been given in pledge, and if this credit brings interest, the creditor shall deduct this interest from those which may be due to him; but if the debt, for the security of which the claim has been given, brings no interest itself, the deduction shall be made on the principal of the debt.

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