Louisiana § RS 48:875 - Trust indenture authorized as security; corporate trustee
Full text of Louisiana Louisiana Civil Code § RS 48:875 — Trust indenture authorized as security; corporate trustee, with citation guidance and answers to common questions.
§ RS 48:875. Trust indenture authorized as security; corporate trustee
In the discretion of the governing authority of any parish issuing its bonds under the provisions of this Sub-part, each or any issue of bonds may be secured by a trust indenture by and between the parish and a corporate trustee, conveying or mortgaging the bridge and pledging the income and revenues thereof in an amount sufficient to pay the principal and interest on the bonds as they severally mature.
The corporate trustee shall be any trust company or bank having the powers of a trust company within or outside of the state.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 48:875
What does Louisiana Civil Code § RS 48:875 cover?
Section RS 48:875 ("Trust indenture authorized as security; corporate trustee") 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 48:875?
A common citation format is "Louisiana Civil Code § RS 48:875" (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 48:875 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.