The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Hanna Gettys.
DIGEST
SB 131 Original 2024 Regular Session Miller
Present law provides that the bond of a legal surety attached to and filed with the notice of contract
of a general contractor shall be deemed to conform to the requirements of this part notwithstanding
any provision of the bond to the contrary, but the surety shall not be bound for a sum in excess of
the total amount expressed in the bond.
Proposed law retains present law but includes that nothing in present law shall be construed to
preclude a surety who has furnished such a bond from asserting any defense to the principal
obligation that its principal could assert except lack of capacity or discharge in bankruptcy of the
principal obligor.
Effective August 1, 2024.
(Amends R.S. 9:4812(D))