Current as of January 01, 2019 | Updated by FindLaw Staff
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A clause in a contract restricting the pledge of the rights of a party to payments that are or will become due under the contract, making the pledge or its enforcement a default under the contract, or providing that the other party is excused from performance or may terminate the contract on account of the pledge, is without effect.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. XX-A, Art. 3163. Clause prohibiting pledge - last updated January 01, 2019 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xx-a-art-3163/
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