---
urn: urn:us-la:rs:47:9018
citation: "R.S. 47:9018"
status: active
breadcrumb: "Title 47 › Subtitle XI › Chapter 3"
acts_citations:
  - { year: 1990, number: 1045, section: 1, effective_date: 1990-11-07, role: enactment }
---

# Bond; letters of credit or other surety

Whenever a bond is required for the protection of the corporation, letters of credit or other surety approved by the corporation may be utilized in lieu of a bond. All bonds or letters of credit shall be reviewed at least annually as to their solvency and sufficiency.