Louisiana Revised Statutes 35:193 – Original surety company bond; necessity for recordation
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Terms Used In Louisiana Revised Statutes 35:193
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
In all cases where notaries public furnish bond for the faithful performance of their duties, signed by a surety company, authorized to do business in this state, it shall not be necessary to record the bond in the office of the recorder of mortgages of the parish where the notary performs his duties, and in all cases, when existing bonds or future bonds of this character are filed and recorded in the mortgage office, they shall not operate as mortgages upon the property of the principal.
Amended by Acts 1977, No. 451, §1.