La. Civ. Code art. 1887

Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
Section 1887 - Discharge of any prior obligor does not affect security

If the new obligor has assumed the obligation and acquired the thing given as security, the discharge of any prior obligor by the obligee does not affect the security or its rank.

La. C.C. § 1887

Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Acts 1984, No. 331, §1, eff. 1/1/1985.