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Liberative prescription

La. Civ. Code art. 2903
in effect
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2903. Liberative prescription An action of the lender for damages because of alteration or deterioration of the thing lent and an action of the borrower for reimbursement of expenses are subject to a liberative prescription of one year. These prescriptions commence to run from the day of the return of the thing. Acts 2004, No. 743, §1, eff. Jan. 1, 2005.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=109932Fetched: 10/20/2026

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