Security is an accessory right established by legislation or contract over property, or an obligation undertaken by a person other than the principal obligor, to secure performance of an obligation. It is accessory to the obligation it secures and is transferred with the obligation without a special provision to that effect.
Article 3136 active cc book
Security defined ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015