La. Civ. Code art. 1897
This is the official text of La. Civ. Code art. 1897, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Compensation extinguishes obligation of surety
Official statutory text
Compensation between obligee and principal obligor extinguishes the obligation of a surety.
Compensation between obligee and surety does not extinguish the obligation of the principal obligor.
Acts 1984, No. 331, ยง1, eff. Jan. 1, 1985.
Compensation between obligee and surety does not extinguish the obligation of the principal obligor.
Acts 1984, No. 331, ยง1, eff. Jan. 1, 1985.
Status: in_force · Read it on the official government site
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