Louisiana § RS 39:1425 - Maximum interest rates for securities previously authorized at an election
Full text of Louisiana Louisiana Civil Code § RS 39:1425 — Maximum interest rates for securities previously authorized at an election, with citation guidance and answers to common questions.
§ RS 39:1425. Maximum interest rates for securities previously authorized at an election
Any bonds heretofore authorized at an election at which the proposition approved by the electors specified a maximum interest rate higher than the maximum interest rate permitted by laws in effect at the time of said election may be issued at a maximum rate of interest not exceeding the rate set forth in said proposition subject to the approval of the State Bond Commission.
Acts 1975, 1st.Ex.Sess., No. 19, §5, eff. Jan. 28, 1975.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:1425
What does Louisiana Civil Code § RS 39:1425 cover?
Section RS 39:1425 ("Maximum interest rates for securities previously authorized at an election") 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 39:1425?
A common citation format is "Louisiana Civil Code § RS 39:1425" (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 39:1425 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.