Assignor's knowledge of the debtor's insolvency; effects

La. Civ. Code art. 2649

La. Civ. Code art. 2649

Art. 2649. Assignor's knowledge of the debtor's insolvency; effects When the assignor of a right did not warrant the solvency of the debtor but knew of his insolvency, the assignee without such knowledge may obtain rescission of the contract. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.