Louisiana Statutes
§ 39:99.10 — Bankruptcy
Louisiana § 39:99.10
JurisdictionLouisiana
Title 39Procurement and Contract
This text of Louisiana § 39:99.10 (Bankruptcy) 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. § 39:99.10 (2026).
Text
Prior to the date that is one year and one day after which the corporation no longer has any bonds outstanding, the corporation is prohibited from filing and shall have no authority to file a voluntary petition under the federal bankruptcy code as it may, from time to time, be in effect, and neither any public official nor any organization, entity or other person shall authorize the corporation to be or to become a debtor under the federal bankruptcy code during such period. The provisions of this Section shall be part of any contractual obligation owed to the holders of bonds issued under this Subpart. Any such contractual obligation shall not subsequently be modified by state law during the period of the contractual obligation, and the state of Louisiana hereby covenants with the holders
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Legislative History
Acts 2001, No. 1145, §1.
Nearby Sections
15
§ 39:99.1
§ 39:99.1§ 39:99.10
Bankruptcy§ 39:99.12
Sale of tobacco assets§ 39:99.14
Issuance of bonds of the corporation§ 39:99.16
Ancillary contracts and swaps§ 39:99.17
Bonds exempt from taxation§ 39:99.19
Pledge and agreement§ 39:99.2
Legislative findings and intent§ 39:99.20
Construction and effect§ 39:99.26
§ 39:99.26Cite This Page — Counsel Stack
Bluebook (online)
Louisiana § 39:99.10, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/39%3A99.10.