Louisiana § RS 40:599.24 - Securities
Full text of Louisiana Louisiana Civil Code § RS 40:599.24 — Securities, with citation guidance and answers to common questions.
§ RS 40:599.24. Securities
Bonds are securities:
(1) That may be deposited with and received by a unit of the state or a political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is authorized by law.
(2) In which any of the following persons or entities may legally and properly invest money, including capital that the person or entity owns or controls:
(a) An officer or a unit of the state or a political subdivision of the state.
(b) A bank, a trust company, a savings and loan association, an investment company, or any other person conducting a banking business.
(c) An insurance company, an insurance association, or any other person conducting an insurance business.
(d) A personal representative, a guardian, a trustee, or any other fiduciary.
(e) Any other person.
Acts 2025, No. 443, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 40:599.24
What does Louisiana Civil Code § RS 40:599.24 cover?
Section RS 40:599.24 ("Securities") 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 40:599.24?
A common citation format is "Louisiana Civil Code § RS 40:599.24" (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 40:599.24 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.