---
urn: urn:us-la:rs:22:207
citation: "R.S. 22:207"
status: active
breadcrumb: "Title 22 › Chapter 2 › Part I › Subpart G"
acts_citations:
  - { year: 1958, number: 125, section: None, effective_date: null, role: enactment }
---

# Indebtedness

All associations are prohibited from creating any indebtedness except for expenses and benefits to policyholders and all debts for expenses and benefits to policyholders must be paid within sixty days after they arise.