La. Civ. Code art. 3148

Current with changes from the 2024 Legislative Session
Section 3148 - Pledge securing an obligation of another person

A person may pledge his property to secure an obligation of another person. In such a case, the pledgor may assert against the pledgee any defense that the obligor could assert except lack of capacity or discharge in bankruptcy of the obligor. The pledgor may also assert any other defenses available to a surety.

La. C.C. § 3148

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Added by Acts 2014, No. 281,s. 1, eff. 1/1/2015.