Security for extinguished obligation

La. Civ. Code art. 1884

La. Civ. Code art. 1884

Art. 1884. Security for extinguished obligation Security given for the performance of the extinguished obligation may not be transferred to the new obligation without agreement of the parties who gave the security. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.