Art. 4132.Nature of Security
Book VII. Special Proceedings · Title VI. Tutorship · Chapter 4. Security of Tutor · Last amended 1985 · Last verified July 30, 2026
Full Text of Art. 4132
Amendment History
Amended by Acts 1977, No. 192, §1, eff. 7/5/1977; Acts 1985, No. 136, §1.
Plain-English Summary
Article 4131 sets the amount of a tutor's security; Article 4132 sets what that security looks like. The required form is a bond, but the article gives three different ways to back that bond, so a tutor is not locked into a single financial arrangement.
A tutor can secure the bond through a surety company authorized to do business in Louisiana, the option that works most like a conventional insurance-backed bond. Alternatively, the tutor can pledge government bonds, bank certificates of deposit, or shares of a building-and-loan or homestead association, so long as their value at par equals at least the required security amount and the institution involved meets the article's Louisiana-connection and federal-insurance requirements. The third option is personal: at least two solvent people who are Louisiana residents, signing together and each owning unencumbered Louisiana property sufficient to cover the bond, notwithstanding limits that might otherwise apply to that kind of suretyship.
Whichever form the tutor uses, the assets backing it do not just sit with the tutor. Bonds, shares, or certificates of deposit posted as security must be deposited for safekeeping with the clerk of court or another court-directed depository, and cannot be withdrawn without a court order. Insured shares or certificates of deposit cannot be used as security beyond the amount insured. And unlike the legal mortgage mechanism used for natural tutors, the bond itself is not recorded in the mortgage records and does not operate as a mortgage.
Frequently Asked Questions
What form does a tutor's required security take under Louisiana law?
A bond approved by the court, backed by one of three options: an authorized surety company, government bonds or bank certificates of deposit or building-and-loan shares at par value, or at least two solvent personal sureties who are Louisiana residents.
Can a tutor use certificates of deposit or shares to secure the bond instead of a surety company?
Yes, but only up to their par value and, for insured shares or certificates of deposit, no more than the amount insured.
What happens to bonds or certificates posted as security?
They must be deposited for safekeeping with the clerk of court or another depository the court directs, and cannot be withdrawn without a court order.
Is a tutor's bond recorded in the mortgage records like a legal mortgage?
No. Article 4132 specifies that the bond is not recorded in the mortgage records and does not operate as a mortgage.