HLS 15RS-1137 ENGROSSED 2015 Regular Session HOUSE BILL NO. 504 BY REPRESENTATIVE JAY MORRIS Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. PROPERTY: Provides relative to donations inter vivos 1 AN ACT 2To enact R.S. 9:2371.1, relative to donations inter vivos; to provide for the effect of 3 donations in authentic form as to certain third persons; to provide for applicability 4 of donations inter vivos recorded during certain time periods; to provide for 5 legislative intent; and to provide for related matters. 6Be it enacted by the Legislature of Louisiana: 7 Section 1. R.S. 9:2371.1 is hereby enacted to read as follows: 8 ยง2371.1. Form required for donation inter vivos; effect 9 No party may contradict a donation inter vivos that on its face is in authentic 10 form to the prejudice of a bona fide third party in good faith who after its recordation 11 acquires an interest in or over the immovable property to which the donation relates. 12 The provisions of this Section shall apply to all donations of immovable property 13 made prior to and on or after July 1, 2015, and any cause of action to assert the 14 nullity of such a donation for lack of authentic form against a bona fide third party 15 in good faith who acquired an interest after its recordation shall be brought within 16 the later of July 1, 2016, or one year from the recordation of the act of donation or 17 be forever barred. 18 Section 2. The provisions of this Act are intended to legislatively address the ruling 19of the court in the case of Eschete v. Eschete, 2012-CA-2059 (La. App. 1 st Cir. 2/27/2014), 20142 So.3d 985, in order to reemphasize the policy of enforcing the public records doctrine Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-1137 ENGROSSED HB NO. 504 1and to protect the rights of a bona fide third party who relies in good faith on recorded acts 2of donation which appear to be in authentic form as filed in the mortgage or conveyance 3records. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HB 504 Engrossed 2015 Regular Session Jay Morris Abstract: Prohibits the contradiction, under certain circumstances, of a donation inter vivos made in authentic form. Proposed law provides that a donation inter vivos in authentic form may not be contradicted to the prejudice of a bona fide third party in good faith who after its recordation acquires an interest in or over the immovable property to which the donation relates. Provides that proposed law shall apply to all donations of immovable property made prior to and on or after July 1, 2015, and any cause of action to assert the nullity of such a donation shall be brought within the later of July 1, 2016, or one year from the recordation of the act of donation. Proposed law emphasizes the intent of the legislature in response to the case of Eschete v. Eschete, 2012-CA-2059 (La. App. 1 st Cir. 2/27/2014), 142 So.3d 985, in order to enforce the public records doctrine and to protect bona fide third parties who rely on such records in good faith. (Adds R.S. 9:2371.1) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Civil Law and Procedure to the original bill: 1. Add a technical amendment. Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.