La. Stat. tit. 39 § 1222

Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
Section 39:1222 - Security of deposits; approval by depositing authority

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.

La. R.S. § 39:1222

Amended by Acts 1968, No. 287, §1.
Amended by Acts 1968, No. 287, §1.