Usufruct
R.S. 39:1222

Security of deposits; approval by depositing authority ACTIVE

Where any fiscal authority elects to deposit as security any bonds, certificates of indebtedness, paving certificates, promissory notes, evidence of participation in promissory notes or other interest-bearing securities or obligations, these securities shall be approved by the depositing authority as being eligible as security under the terms of this Part and as being sufficient for the indemnity contemplated by this Part.

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JSON Markdown Source (legis.la.gov)

References

None.

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History

  • enactment Acts 1968, No. 287, §1

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Cite R.S. 39:1222

Bluebook
La. Rev. Stat. Ann. § 39:1222 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1222
BibTeX
@misc{larevstat-39-1222,
  title        = {La. Rev. Stat. Ann. § 39:1222},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1222},
  note         = {Snapshot 2026-05-22}
}