Louisiana Payment Bond Changes: What Material Suppliers Need to Know
Levelset
AUGUST 30, 2024
Glen Womack Effective Date: July 19, 2024 New Defenses Available for Sureties Expanded Defense Options The first half of the changes implemented by these Acts deal directly with the surety who issued the payment bond on a Louisiana construction project. 761 Sponsor: Sen. What’s Changing? But there’s a twist. Terminology Note: La.
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