RS 47:9018
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/la/title-47/47-1590A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 47:9018
§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.