La. Civ. Code art. 2023
Current with changes from the 2024 legislative session from Acts 3, and 6-104
If the situation of a party, financial or otherwise, has become such as to clearly endanger his ability to perform an obligation, the other party may demand in writing that adequate security be given and, upon failure to give that security, that party may withhold or discontinue his own performance.
La. C.C. § 2023