SB467

Louisiana SB467 amends the Code of Civil Procedure to limit the amount of security required for a suspensive appeal to $150 million, exclusive of.

Louisiana SB467 amends the Code of Civil Procedure to modify the amount of security required for a suspensive appeal in civil actions. The bill specifies that the aggregate amount of security for any one judgment cannot exceed $150 million, exclusive of costs. This change applies to all civil actions except those related to the Tobacco Master Settlement Agreement or where the state is a party. The bill retains the current law allowing the trial court to fix the amount of security if good cause is shown.