CC 2023
66 words·~1 min read·
/la/2023A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CC 2023
Art. 2023. Security for performance
If the situation of a party, financial or otherwise, has become such as to clearly endanger his ability to perform an obligation, the other party may demand in writing that adequate security be given and, upon failure to give that security, that party may withhold or discontinue his own performance.
Acts 1984, No. 331, §1, eff. Jan. 1, 1985.