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2017 Louisiana Laws
Civil Code
CC 3167 - Pledgee's liability for loss or decay of thing pledged; reimbursement of expenses of preservation
Universal Citation:
LA Civ Code 3167 (2017)
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Art. 3167. Pledgee not bound for pledgor's obligations
In the absence of an assumption by the pledgee, the existence of a pledge does not impose upon the pledgee liability for the pledgor's acts or omissions, nor does it bind the pledgee to perform the pledgor's obligations.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
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