Louisiana Civil Code 3045 – Liability of sureties to creditor; division and discussion abolished
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Terms Used In Louisiana Civil Code 3045
- 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, or each surety when there is more than one, is liable to the creditor in accordance with the provisions of this Chapter, for the full performance of the obligation of the principal obligor, without benefit of division or discussion, even in the absence of an express agreement of solidarity.
Acts 1987, No. 409, §1, eff. Jan. 1, 1988.