Usufruct
Article 3163

Clause prohibiting pledge ACTIVE

A clause in a contract restricting the pledge of the rights of a party to payments that are or will become due under the contract, making the pledge or its enforcement a default under the contract, or providing that the other party is excused from performance or may terminate the contract on account of the pledge, is without effect.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015

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Cite Article 3163

Bluebook
La. Civ. Code art. 3163 (2026).
Permalink
https://theusufruct.com/cc/3163
BibTeX
@misc{lacivcode-art-3163,
  title        = {La. Civ. Code art. 3163},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/3163},
  note         = {Snapshot 2026-05-22}
}