If a legal surety ceases to possess required qualifications or becomes insolvent or bankrupt, any interested person may demand that the principal obligor furnish additional security in the same amount and upon the same terms as those given by the existing surety for the performance of the obligation.
Article 3070 active cc book
Right to demand new security ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1987, No. 409, §1, eff. Jan. 1, 1988