SECTION 7. EXTENSION OF LIBERATIVE PRESCRIPTION Art. 3505. Acts extending liberative prescription After liberative prescription has commenced to run but before it accrues, an obligor may by juridical act extend the prescriptive period. An obligor may grant successive extensions. The duration of each extension may not exceed one year. Acts 2013, No. 88, §1.
Art. 3505.1. Formal requirements An extension of liberative prescription must be express and in writing. Acts 2013, No. 88, §1.
Art. 3505.2. Commencement of period of extension The period of extension commences to run on the date of the juridical act granting it. Acts 2013, No. 88, §1.
Art. 3505.3. Effect of extension on other obligors and obligees An extension of liberative prescription is effective against only the obligor granting it but benefits all joint obligees of an indivisible obligation and all solidary obligees. An extension of liberative prescription by a principal obligor is effective against his surety. An extension of liberative prescription […]
Art. 3505.4. Interruption or suspension during a period of extension Prescription may be interrupted or suspended during the period of extension. Acts 2013, No. 88, §1.
