Louisiana 2024 2024 Regular Session

Louisiana Senate Bill SB35 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Hanna Gettys.
DIGEST
SB 35 Engrossed	2024 Regular Session	Morris
Present law provides that when a litigious right is assigned, the debtor may extinguish his obligation
by paying to the assignee the price the assignee paid for the assignment, with interest from the time
of the assignment. 
Present law provides that a right is litigious, for that purpose, when it is contested in a suit already
filed. 
Present law provides that the debtor may not thus extinguish his obligation when the assignment has
been made to a co-owner of the assigned right, or to a possessor of the thing subject to the litigious
right.
Proposed law retains present law but includes extinguishing an obligation when the assignment is
of a promissory note. 
Effective August 1, 2024.
(Amends C.C. Art. 2652)
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Judiciary A to the original bill
1. Removes or other debt instrument from the provisions of proposed law.