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2017 Louisiana Laws
Civil Code
CC 3148 - Pledge securing an obligation of another person
Universal Citation: LA Civ Code 3148 (2017)
Art. 3148. Pledge securing an obligation of another person
A person may pledge his property to secure an obligation of another person. In such a case, the pledgor may assert against the pledgee any defense that the obligor could assert except lack of capacity or discharge in bankruptcy of the obligor. The pledgor may also assert any other defenses available to a surety.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
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