Louisiana Civil Code 3503 – Solidary obligors
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 3503
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
When prescription is interrupted against a solidary obligor, the interruption is effective against all solidary obligors and their successors.
When prescription is interrupted against a successor of a solidary obligor, the interruption is effective against other successors if the obligation is indivisible. If the obligation is divisible, the interruption is effective against other successors only for the portions for which they are bound.
Acts 1983, No. 173, §1, Jan. 1, 1984.