2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:616 — Exchanging refunding bond for replaced bond


LA Rev Stat § 39:616 What's This?

§616. Exchanging refunding bond for replaced bond

When liquidation bonds have been signed and registered in accordance with the terms of this Chapter, they shall be lodged with the State Treasurer and any holder of any outstanding bond may upon surrendering to the State Treasurer receive in substitution the corresponding liquidation bond. Until so exchanged the liquidation bonds shall, until they mature, continue in the possession of the State Treasurer.

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