Pledgee's liability for loss or decay of thing pledged; reimbursement of expenses of preservation

  1. Law
  2. Louisiana Laws
  3. Civil Code
  4. Pledgee's liability for loss or decay of thing pledged; reimbursement of expenses of preservation

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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.

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.


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