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2019 Louisiana Laws
Code of Civil Procedure
Art. 696. Pledgor and pledgee
Universal Citation: LA Code Civ Pro art. 696 (2019)
The pledgee of a real right, or of a negotiable instrument or other incorporeal right, is the proper plaintiff to sue to enforce the pledged right.
The pledgee may enforce the entire right judicially, unless it is an obligation of the pledgor, in which event it may be enforced only to the extent of the indebtedness secured by the pledge.
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