Louisiana § 39:511 Exemption from taxation; legal investments

Louisiana Statutes

§ 39:511 — Exemption from taxation; legal investments

Louisiana·Title 39 Procurement and Contract

§511. Exemption from taxation; legal investments

A.All bonds issued under this Part and the interest or other income thereon or with respect thereto shall be exempt from all income tax and other taxation in Louisiana.

B.All bonds issued under this Part 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, or political subdivision, in any case where, by present or future laws, deposit or security is required.

Free access — add to your briefcase to read the full text and ask questions with AI

§511. Exemption from taxation; legal investments
A. All bonds issued under this Part and the interest or other income thereon or with
respect thereto shall be exempt from all income tax and other taxation in Louisiana.
B. All bonds issued under this Part 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, or
political subdivision, in any case where, by present or future laws, deposit or security is
required.

Louisiana § 39:511 (Exemption from taxation; legal investments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.