2015 Louisiana Laws
Civil Code
CC 3162 - Delivery to creditor or to third person
Art. 3162. Defenses available to obligor of a pledged obligation
Unless the obligor of a pledged obligation makes a contrary agreement with the pledgor or pledgee, he may assert against the pledgee any defense arising out of the transaction that gave rise to the pledged obligation. He may also assert against the pledgee any other defense that arises against the pledgor before the obligor has been given written notice of the pledge.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
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