CC 3505.3 - Effect of extension on other obligors and obligees

LA Civ Code 3505.3 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

Art. 3505.3. Effect of extension on other obligors and obligees

An extension of liberative prescription is effective against only the obligor granting it but benefits all joint obligees of an indivisible obligation and all solidary obligees.

An extension of liberative prescription by a principal obligor is effective against his surety. An extension of liberative prescription by a surety is effective only if the principal obligor has also granted it.

Acts 2013, No. 88, §1.