CC 3159 - Acts of pledge in favor of banks

LA Civ Code 3159 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

Art. 3159. Fruits of things pledged

The pledgee is entitled to receive the fruits of the thing pledged and to retain them as security. He may also apply them to the secured obligation, even if not yet due.

Amended by Acts 1900, No. 157, §2; Acts 2014, No. 281, §1, eff. Jan. 1, 2015.