Louisiana 2024 2024 Regular Session

Louisiana Senate Bill SB35 Enrolled / Bill

                    2024 Regular Session	ENROLLED
SENATE BILL NO. 35
BY SENATOR MORRIS 
1	AN ACT
2 To amend and reenact Civil Code Art. 2652, relative to liability; to provide relative to
3 litigious rights; to provide with respect to the sale and assignment of litigious rights;
4 to provide relative to the assignment of a promissory note; and to provide for related
5 matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. Civil Code Art. 2652 is hereby amended and reenacted to read as follows:
8 Art. 2652. Sale of litigious rights
9	When a litigious right is assigned, the debtor may extinguish his obligation
10 by paying to the assignee the price the assignee paid for the assignment, with interest
11 from the time of the assignment.
12	A right is litigious, for that purpose, when it is contested in a suit already
13 filed.
14	Nevertheless, the debtor may not thus extinguish his obligation when the
15 assignment is of a promissory note, or has been made to a co-owner of the assigned
16 right, or to a possessor of the thing subject to the litigious right.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:                          
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.