Louisiana Civil Code 3052 – Limitation on right of surety to recover what he paid creditor
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Terms Used In Louisiana Civil Code 3052
- 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.
A surety may not recover from the principal obligor more than he paid to secure a discharge, but he may recover by subrogation such attorney’s fees and interest as are owed with respect to the principal obligation.
Acts 1987, No. 409, §1, eff. Jan. 1, 1988.