---
urn: "urn:us-la:civcode:art:3068"
article_number: "3068"
status: active
heading: "Pledge of funds in lieu of suretyship"
breadcrumb: "Book III › Title XVI › Chapter 7"
source_url: "https://legis.la.gov/legis/Law.aspx?d=110110"
acts_citations_raw: "Acts 1987, No. 409, §1, eff. Jan. 1, 1988."
acts_citations:
  - act_year: 1987
    act_number: 409
    section: 1
    effective_date: 1988-01-01
    role: enactment
schema_version: "1.0.0"
---

# Art. 3068. Pledge of funds in lieu of suretyship

Legal suretyship may be given whenever the law requires or permits a person to give security for an obligation. The principal obligor may in lieu of legal suretyship deposit a sum equal to the amount for which he is to furnish security to be held in pledge as security for his obligation.