Sewerage certificates issued hereunder shall have all the requisites of negotiable paper under the law merchant, and shall not be invalid for any irregularity or defect in the proceedings for their issuance, sale or delivery, and shall be incontestable in the hands of bona fide purchasers or holders for value thereof.
R.S. 33:3991 active rs title
Certificates as negotiable paper ACTIVE
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References
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Cited by
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History
- enactment Acts 1950, No. 462, §11