Obligee
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
The persons in favor of whom some obligation is contracted, whether such obligation be to pay money or to do or not to do something.
La..
Code, art.
3522, no. 11.
Obligees are either several or joint. An obligee is several when the obligation is made to him alone; obligees are joint when the obligation is made to two or more; and in that event each is not a creditor for his separate share, unless the nature of the subsion.
2 Pothier, Obi., Evans ed. 50; Ilob. 172; Cro. Jac. 251.
The words obligee and payee have been held to have a technical and definite meaning under an act relative to promissory nob's, bonds, etc., and apply only to notes, bonds, or bills whether given for the payment of money or for the performance of covenants and conditions, and not to mortgages; Hall v. Byrne, 1 Scam. (111.) 142.