Louisiana Revised Statutes 12:1367 – Rules of construction
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Terms Used In Louisiana Revised Statutes 12:1367
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Contract: A legal written agreement that becomes binding when signed.
A. The rules that statutes in derogation of the common law are to be strictly construed shall have no application to this Chapter.
B. It is the policy of this Chapter to give maximum effect to the principle of freedom of contract.
C. Neither this Chapter nor any amendment shall be construed so as to impair the obligations of any contract existing when this Chapter or any amendment goes into effect, nor to affect any action or proceedings begun or right accrued before this Chapter or any amendment takes effect.
Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 1993, No. 475, §4, eff. June 9, 1993.