Senate Bill No. 467, introduced by Senator Seabaugh, amends the Code of Civil Procedure regarding the security required for suspensive appeals in civil cases. The bill establishes that the aggregate amount of security required for a suspensive appeal of any one judgment shall not exceed $150 million, exclusive of costs. This limit applies to all cases except those related to the Tobacco Master Settlement Agreement or any litigation where the state is a judgment creditor. Additionally, the trial court retains the discretion to fix the security amount in cases where the judgment exceeds $150 million, ensuring that the rights of the judgment creditor are protected while maintaining the appeal process's favored status in Louisiana.

Furthermore, the bill allows the trial judge, for good cause shown, to set the amount of security at a maximum of 150% of the judgment amount or $150 million, whichever is less. This amendment aims to provide clarity and consistency in the determination of security amounts for suspensive appeals, thereby facilitating the appeals process while safeguarding the interests of judgment creditors. The bill will take effect upon the governor's signature or after the expiration of the time for bills to become law without the governor's signature.