La. Civ. Code art. 3167

Current with operative changes from the 2024 Third Special Legislative Session
Section 3167 - Pledgee not bound for pledgor's obligations

In the absence of an assumption by the pledgee, the existence of a pledge does not impose upon the pledgee liability for the pledgor's acts or omissions, nor does it bind the pledgee to perform the pledgor's obligations.

La. C.C. § 3167

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