Bond; letters of credit or other surety
La. R.S. 47:9018
in effect47:9018. 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.
Acts 1990, No. 1045, §1, eff. Nov. 7, 1990.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=102668Fetched: 10/20/2026
