State Codes and Statutes

Statutes > Louisiana > Cc > Cc3169

Art. 3169. Imputation of interest earned by credit pledged.

If it is a credit which has been given in pledge, and if this credit brings interest, the creditor shall deduct this interest from those which may be due to him; but if the debt, for the security of which the claim has been given, brings no interest itself, the deduction shall be made on the principal of the debt.

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3169

Art. 3169. Imputation of interest earned by credit pledged.

If it is a credit which has been given in pledge, and if this credit brings interest, the creditor shall deduct this interest from those which may be due to him; but if the debt, for the security of which the claim has been given, brings no interest itself, the deduction shall be made on the principal of the debt.


State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3169

Art. 3169. Imputation of interest earned by credit pledged.

If it is a credit which has been given in pledge, and if this credit brings interest, the creditor shall deduct this interest from those which may be due to him; but if the debt, for the security of which the claim has been given, brings no interest itself, the deduction shall be made on the principal of the debt.