The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Cathy Wells. DIGEST SB 50 Original 2021 Regular Session Carter Present law (C.C. Art. 3419) provides that anyone who finds a corporeal movable that has been lost is bound to make a diligent effort to locate its owner or possessor and to return the thing to him. If a diligent effort is made and the owner is not found within three years, the finder acquires ownership. Present law (C.C. Art. 3490) provides that anyone who has possessed a movable as owner, in good faith, under an act sufficient to transfer ownership, and without interruption for three years, acquires ownership by prescription. Proposed law requires the possessor of a domestic animal to prove that the animal, when acquired, lacked a microchip or other owner-identifying information such as a collar, rabies tag, or tattoo to claim ownership. The presence of such information creates a rebuttable presumption that the possessor has not satisfied the requirements for ownership required by present law. Otherwise retains present law. Effective August 1, 2021. (Adds C.C. Art. 3419.1)