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Louisiana Civil Code Tit. XVI, Art. 3068. Pledge of funds in lieu of suretyship

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

Legal suretyship may be given whenever the law requires or permits a person to give security for an obligation. The principal obligor may in lieu of legal suretyship deposit a sum equal to the amount for which he is to furnish security to be held in pledge as security for his obligation.

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Cite this article: FindLaw.com - Louisiana Civil Code Tit. XVI, Art. 3068. Pledge of funds in lieu of suretyship - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xvi-art-3068/

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