Local Rule LOCAL ADMIRALTY RULE 65.1: SECURITY
M.D. La. — Civil rule
LOCAL ADMIRALTY RULE 65.1 - SECURITY
(a) Security for Costs.
(1) Except in suits in forma pauperis, or in suits where by statute a party is relieved of prepaying fees and costs or of giving security therefor, or unless otherwise ordered by the Court, no process in rem or of attachment shall issue unless the party requesting issuance files a stipulation in the sum of $250.00 with good and solvent surety, conditioned as provided in Supplemental Rule E(2)(b).
(2) Whenever in these Rules the filing of a bond or stipulation is required or permitted, the party required or permitted to file such bond or stipulation may, in lieu thereof, deposit the requisite amount of money in the registry of the Court as security.
(b) Sureties.
(1) In all cases where the surety on a bond or stipulation for the release of a vessel or other property under seizure is not a corporate surety holding a certificate of authority from the Secretary of the Treasury, and the bond or stipulation is not approved as to amount and nature by the party at whose instance the vessel or other property is detained, or by party's attorney, the vessel or property shall not be released without an order of a Judge, on reasonable notice and contradictorily, approving the surety. In the absence of the Judge's approval, the approval of the Clerk of Court, on like notice and contradictorily, shall suffice.
(2) Such approval shall not limit the right of a party to move, under Rule E(6) of the Supplemental Rules, Fed. R. Civ. P., to reduce the amount of surety given or to require new or additional sureties.