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2015 Louisiana Laws
Civil Code
CC 1783 - Impairment or failure of security
LA Civ Code 1783 (2015) What's This?
Art. 1783. Impairment or failure of security
When the obligation is subject to a term and the obligor fails to furnish the promised security, or the security furnished becomes insufficient, the obligee may require that the obligor, at his option, either perform the obligation immediately or furnish sufficient security. The obligee may take all lawful measures to preserve his right.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
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