La. Civ. Code art. 3055
This is the official text of La. Civ. Code art. 3055, 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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Liability among co-sureties
Official statutory text
Co-sureties are those who are sureties for the same obligation of the same obligor. They are presumed to share the burden of the principal obligation in proportion to their number unless the parties agreed otherwise or contemplated that he who bound himself first would bear the entire burden of the obligation regardless of others who thereafter bind themselves independently of and in reliance upon the obligation of the former.
Acts 1987, No. 409, ยง1, eff. Jan. 1, 1988.
Acts 1987, No. 409, ยง1, eff. Jan. 1, 1988.
Status: in_force · Read it on the official government site
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