---
urn: urn:us-la:rs:40:424
citation: "R.S. 40:424"
status: active
breadcrumb: "Title 40 › Chapter 3 › Part I › Subpart C"
acts_citations:
  - { year: 1997, number: 1188, section: 1, effective_date: null, role: enactment }
---

# Creditors of agency must consent to decrease

No action may be taken pursuant to R.S. 40:421 if the regional or consolidated housing authority has outstanding bonds, notes, or other evidences of indebtedness, unless all the holders thereof first consent in writing to that action.