Louisiana § 17:2189 Privilege on funds and revenues dedicated for payment of obligation

Louisiana Statutes

§ 17:2189 — Privilege on funds and revenues dedicated for payment of obligation

Louisiana § 17:2189

Title 17Credit Union Law

This text of Louisiana § 17:2189 (Privilege on funds and revenues dedicated for payment of obligation) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 17:2189 (2026).

Text

Any person, firm, corporation or association of persons holding any of said bonds, notes or certificates shall have a first lien and privilege on such funds and revenues as shall be dedicated by the board of supervisors for the payment of the interest and principal thereof, and the interest and principal shall be paid out of the revenues and funds by preference over all other claims against or obligations of the board of supervisors.

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Any person, firm, corporation or association of persons holding any of said bonds, notes or certificates shall have a first lien and privilege on such funds and revenues as shall be dedicated by the board of supervisors for the payment of the interest and principal thereof, and the interest and principal shall be paid out of the revenues and funds by preference over all other claims against or obligations of the board of supervisors.