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2018 Louisiana Laws
Revised Statutes
TITLE 38 - Public Contracts, Works and Improvements
RS 38:1575 - No dissolution without consent of bondholders or retirement of bonds
Universal Citation: LA Rev Stat § 38:1575 (2018)
§1575. No dissolution without consent of bondholders or retirement of bonds
If the drainage district or subdrainage district has bonds issued and outstanding, the resolution dissolving the drainage district or subdrainage district shall not become effective until the holders of all outstanding bonds have filed with the governing authority thereof their written consent to the dissolution or until the outstanding bonded indebtedness has been retired.
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