Louisiana § RS 39:1452 - Status of refunding bonds as negotiable instruments; exemption from taxes; legal investments
Full text of Louisiana Louisiana Civil Code § RS 39:1452 — Status of refunding bonds as negotiable instruments; exemption from taxes; legal investments, with citation guidance and answers to common questions.
§ RS 39:1452. Status of refunding bonds as negotiable instruments; exemption from taxes; legal investments
All refunding bonds issued pursuant to this Chapter shall be and are hereby made negotiable instruments within the meaning of and for all purposes of the negotiable instruments law of Louisiana, subject only to the provisions of the refunding bonds for registration. All refunding bonds and the income therefrom shall be exempt from all taxation by this state or any political subdivision thereof. The refunding bonds shall be legal and authorized investments for banks, savings banks, insurance companies, homestead and building loan associations, trustees and other fiduciaries and may be used for deposit with any officer, board, municipality or other political subdivision of the state of Louisiana, in any case where, by present or future laws, deposit or security is required.
Acts 1984, No. 352, §1, eff. July 2, 1984.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 39:1452
What does Louisiana Civil Code § RS 39:1452 cover?
Section RS 39:1452 ("Status of refunding bonds as negotiable instruments; exemption from taxes; legal investments") 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 39:1452?
A common citation format is "Louisiana Civil Code § RS 39:1452" (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 39:1452 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.