Louisiana Statutes
§ 40:599.31 — Conveyance of title and release of collateral
Louisiana § 40:599.31
JurisdictionLouisiana
Title 40Public Health and Safety
This text of Louisiana § 40:599.31 (Conveyance of title and release of collateral) 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. § 40:599.31 (2026).
Text
§599.31. Conveyance of title and release of collateral A. An authority shall convey title to property relating to a project and release collateral in accordance with this Section when:
(1)(a) The principal of an interest on bonds issued to finance or refinance the project,
including any refunding bonds, have been fully paid and retired.
(b)Adequate provision has been made to fully pay and retire the bonds.
(2)All other conditions of trust agreement have been satisfied.
(3)The lien of the trust agreement has been released.
B. On satisfaction of the conditions under Subsection A of this Section, an authority
promptly shall execute any deed, conveyance, release, or document and take any other action
necessary to convey title to the property and release collateral free of any lien or
encumb
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Legislative History
Acts 2025, No. 443, §1.
Nearby Sections
15
§ 40:599.1
Declaration of purpose§ 40:599.10
Internal administration§ 40:599.11
Immunity§ 40:599.12
Property rights§ 40:599.13
Inventory and classification§ 40:599.14
Outstanding tax liens§ 40:599.15
Money and proceeds§ 40:599.16
State and local taxes§ 40:599.17
Civil action§ 40:599.18
Public property§ 40:599.19
Local laws§ 40:599.2
Definitions§ 40:599.20
Report§ 40:599.21
Bonds§ 40:599.22
Trust agreementCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 40:599.31, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/40%3A599.31.