Usufruct
R.S. 45:614

Sale, pledge or hypothecation of bonds, stock, earnings, etc., power to make ACTIVE

Any railway corporation in Louisiana may sell, pledge or hypothecate, for railroad purposes, its bonds, stock, earnings, revenues, income rights, and credits, to any person or other railway corporation unless the railroad lines of the contracting railway corporations are parallel and competing lines.

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History

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Cite R.S. 45:614

Bluebook
La. Rev. Stat. Ann. § 45:614 (2026).
Permalink
https://theusufruct.com/rs/title-45/section-614
BibTeX
@misc{larevstat-45-614,
  title        = {La. Rev. Stat. Ann. § 45:614},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-45/section-614},
  note         = {Snapshot 2026-05-22}
}