RS 45:1168
64 words·~1 min read·
/la/title-45/45-70A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 45:1168
§1168. Security issues and assumptions of liability; commission's authorization necessary
No public utility shall issue any security, or assume any obligation or liability as guarantor, endorser, surety, or otherwise in respect of any security of any other public utility, as defined in this Part or of any other person until it has been authorized to do so by order of the commission.