Insolvency by failure to exercise right
La. Civ. Code art. 2044
in effect2044. Insolvency by failure to exercise right
If an obligor causes or increases his insolvency by failing to exercise a right, the obligee may exercise it himself, unless the right is strictly personal to the obligor.
For that purpose, the obligee must join in the suit his obligor and the third person against whom that right is asserted.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=109304Fetched: 10/20/2026