RS 698.12 - Bonds negotiable and incontestable
Bonds issued hereunder shall have all the qualities of negotiable paper and shall constitute negotiable instruments under the negotiable instruments law of the State of Louisiana. They shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale thereof and shall be incontestable in the hands of bona fide purchasers or holders for value.
NOTE: §698.12 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
RS 698.12 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Acts 1975, 1st Ex.Sess., No. 21, §5, eff. Jan. 28, 1975; Acts 2018, No. 569, §2, eff. July 1, 2021.