State Codes and Statutes

Statutes > Louisiana > Cc > Cc3057

Art. 3057. Limitation upon right of contribution

A surety who pays the creditor more than his share may recover the excess from his co-sureties in proportion to the amount of the obligation each is to bear as to him. If a surety obtains the conventional discharge of other co-sureties by paying the creditor, any reduction in the amount owed by those released benefits them proportionately.

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

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3057

Art. 3057. Limitation upon right of contribution

A surety who pays the creditor more than his share may recover the excess from his co-sureties in proportion to the amount of the obligation each is to bear as to him. If a surety obtains the conventional discharge of other co-sureties by paying the creditor, any reduction in the amount owed by those released benefits them proportionately.

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


State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3057

Art. 3057. Limitation upon right of contribution

A surety who pays the creditor more than his share may recover the excess from his co-sureties in proportion to the amount of the obligation each is to bear as to him. If a surety obtains the conventional discharge of other co-sureties by paying the creditor, any reduction in the amount owed by those released benefits them proportionately.

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