Louisiana § RS 40:424 - Creditors of agency must consent to decrease
Full text of Louisiana Louisiana Civil Code § RS 40:424 — Creditors of agency must consent to decrease, with citation guidance and answers to common questions.
§ RS 40:424. Creditors of agency must consent to decrease
No action may be taken pursuant to R.S. 40:421 if the regional or consolidated housing authority has outstanding bonds, notes, or other evidences of indebtedness, unless all the holders thereof first consent in writing to that action.
Acts 1997, No. 1188, §1.
Frequently Asked Questions About Louisiana § RS 40:424
What does Louisiana Civil Code § RS 40:424 cover?
Section RS 40:424 ("Creditors of agency must consent to decrease") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 40:424?
A common citation format is "Louisiana Civil Code § RS 40:424" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 40:424 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.