State Codes and Statutes

Statutes > Louisiana > Cc > Cc3049

Art. 3049. Surety's right of reimbursement for payment of obligation

A surety who pays the creditor is entitled to reimbursement from the principal obligor. He may not recover reimbursement until the principal obligation is due and exigible.

A surety for multiple solidary obligors may recover from any of them reimbursement of the whole amount he has paid the creditor.

Acts 1987, No. 409, §1, eff. Jan. 1, 1988.

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3049

Art. 3049. Surety's right of reimbursement for payment of obligation

A surety who pays the creditor is entitled to reimbursement from the principal obligor. He may not recover reimbursement until the principal obligation is due and exigible.

A surety for multiple solidary obligors may recover from any of them reimbursement of the whole amount he has paid the creditor.

Acts 1987, No. 409, §1, eff. Jan. 1, 1988.


State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3049

Art. 3049. Surety's right of reimbursement for payment of obligation

A surety who pays the creditor is entitled to reimbursement from the principal obligor. He may not recover reimbursement until the principal obligation is due and exigible.

A surety for multiple solidary obligors may recover from any of them reimbursement of the whole amount he has paid the creditor.

Acts 1987, No. 409, §1, eff. Jan. 1, 1988.