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Louisiana Civil Code Tit. III, Art. 1887. Discharge of any prior obligor does not affect security

Current as of January 01, 2023 | Updated by Findlaw Staff

If the new obligor has assumed the obligation and acquired the thing given as security, the discharge of any prior obligor by the obligee does not affect the security or its rank.

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Cite this article: FindLaw.com - Louisiana Civil Code Tit. III, Art. 1887. Discharge of any prior obligor does not affect security - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-iii-art-1887/

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