RS 33:9028

144 words·~1 min read·/la/title-33/33-2941

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RS 33:9028

§9028. Enforcement of judgments; exemption from seizure

Any judgment against any economic development corporation shall be paid from funds of the corporation. Provided, however, that the property and funds of the corporation shall not be subject to lien or seizure. If any corporation refuses to pay a final judgment rendered against it by a court of competent jurisdiction, said court shall have the authority to issue a writ of mandamus to direct the treasurer of said corporation to pay said judgment within a reasonable period of time, under penalty of law.

This Section shall not apply to or limit the right of obligees of bonds issued by the corporation to pursue any remedies for the enforcement of any pledge, mortgage, or other instrument given to secure such bonds.

Added by Acts 1978, No. 617, §1. Amended by Acts 1979, No. 668, §1.