Louisiana § RS 39:1217.1 - Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption
Full text of Louisiana Louisiana Civil Code § RS 39:1217.1 — Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption, with citation guidance and answers to common questions.
§ RS 39:1217.1. Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption
Any depositing authority located in a parish or municipality with a population of less than one hundred thousand shall generally be exempt from the provisions of R.S. 39:1214 through 1242; however, such a depositing authority shall satisfy the security requirements of those Sections and of any other applicable state or federal laws or regulations. All funds except demand deposits under the control of such depositing authorities shall be placed in interest-bearing accounts at an interest rate of not less than twenty-five percent below the discount treasury bill rate with regard to treasury bills of comparable maturity on deposit within the parish or municipality, in state banks, national banks, or investments in obligations guaranteed by the federal government.
Acts 1989, No. 772, §2; Acts 2004, No. 560, §1, eff. July 1, 2004.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:1217.1
What does Louisiana Civil Code § RS 39:1217.1 cover?
Section RS 39:1217.1 ("Depositing authorities located in parishes or municipalities of less than one hundred thousand; exemption") 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 39:1217.1?
A common citation format is "Louisiana Civil Code § RS 39:1217.1" (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 39:1217.1 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.