HB 294, 49th R.S.
Relating to providing that from and after the effective date of this Act any person, firm, corporation, partnership, association or any legal entity of any nature whatsoever holding any indebtedness secured by any kind of lien upon real estate situated in this State shall be denied the right to sue for said indebtedness or for the foreclosure of said lien unless and until the said holder of said indebtedness and/or lien has paid all the ad valorem taxes due against said real estate as same is represented by the said indebtedness.
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