Louisiana § RS 40:599.28 - Trust funds

Full text of Louisiana Louisiana Civil Code § RS 40:599.28 — Trust funds, with citation guidance and answers to common questions.

§ RS 40:599.28. Trust funds

            A. Proceeds from the sale of bonds and other revenues received under this Part are trust funds to be held and applied solely as provided in this Subtitle.

            B.(1) Each officer, bank, or trust company that receives trust money from the authority under this Part shall act as trustee of the money and shall hold and apply the money for the purposes specified under this Part.

            (2) The officer, bank, or trust company holding money is subject to:

            (a) Any regulation adopted under this Subtitle.

            (b) The resolution authorizing the issuance of bonds or the trust agreement.

            Acts 2025, No. 443, §1.

Source: official Louisiana text · Last verified 2026-08-27

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Frequently Asked Questions About Louisiana § RS 40:599.28

What does Louisiana Civil Code § RS 40:599.28 cover?

Section RS 40:599.28 ("Trust funds") 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 40:599.28?

A common citation format is "Louisiana Civil Code § RS 40:599.28" (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 40:599.28 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.