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Assignor's knowledge of the debtor's insolvency; effects

La. Civ. Code art. 2649
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2649. Assignor's knowledge of the debtor's insolvency; effects When the assignor of a right did not warrant the solvency of the debtor but knew of his insolvency, the assignee without such knowledge may obtain rescission of the contract. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=109710Fetched: 10/20/2026

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La. Civ. Code art. 2649 — Assignor's knowledge of the debtor's insolvency; effects | Louisiana Revised Statutes, Codes and Constitution (through the 2025 First Extraordinary Session) | Corpus