Usufruct
R.S. 39:1272

Securities purchased may be cashed ACTIVE

The political subdivision may also, at any time that may be deemed advisable, cash and liquidate any or all of the bonds, notes or certificates purchased for any particular fund, and the proceeds of the liquidation shall be credited to the fund from which the bonds, notes or certificates were originally purchased.

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History

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Cite R.S. 39:1272

Bluebook
La. Rev. Stat. Ann. § 39:1272 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1272
BibTeX
@misc{larevstat-39-1272,
  title        = {La. Rev. Stat. Ann. § 39:1272},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1272},
  note         = {Snapshot 2026-05-22}
}