La. Civ. Code art. 3161
This is the official text of La. Civ. Code art. 3161, 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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Performance by obligor of a pledged obligation
Official statutory text
A third person obligated on a pledged obligation is bound to render performance to the pledgee only from the time that the pledgor or pledgee notifies him of the pledge and directs him in writing to render performance to the pledgee. Performance that the third person renders to the pledgor before that time extinguishes the pledged obligation and is effective against the pledgee.
Acts 2014, No. 281, ยง1, eff. Jan. 1, 2015.
Acts 2014, No. 281, ยง1, eff. Jan. 1, 2015.
Status: in_force · Read it on the official government site
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