{"data":{"id":"us-la/rs-10-9-618","jurisdiction":"us-la","citation":"RS 10:9-618","heading":"Rights and duties of certain secondary obligors","body":"(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in Subsection (a):\n(1) is not a disposition of collateral under R.S. 10:9-610; and\n(2) relieves the secured party of further duties under this Chapter.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74503","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:10Z","sha256":"c62876e9f717507d688ed694febc4571b5012a081886599783d36bd625c96abd","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-617","next":"us-la/rs-10-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}