Louisiana Civil Code Tit. XXIV, Art. 3505.3. Effect of extension on other obligors and obligees
Current as of January 01, 2019 | Updated by FindLaw Staff
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An extension of liberative prescription is effective against only the obligor granting it but benefits all joint obligees of an indivisible obligation and all solidary obligees.
An extension of liberative prescription by a principal obligor is effective against his surety. An extension of liberative prescription by a surety is effective only if the principal obligor has also granted it.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. XXIV, Art. 3505.3. Effect of extension on other obligors and obligees - last updated January 01, 2019 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xxiv-art-3505-3.html
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