Louisiana § 48:879 Action to enforce rights of bondholders and trustee

Louisiana Statutes

§ 48:879 — Action to enforce rights of bondholders and trustee

Louisiana § 48:879

Title 48Roads, Bridges and Ferries

This text of Louisiana § 48:879 (Action to enforce rights of bondholders and trustee) 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. § 48:879 (2026).

Text

Except as otherwise provided by resolution passed before the issuance of the bonds by the trust indenture, any holder of any bonds issued under the provisions of this Sub-part or of any of the coupons attached thereto, and the trustee under the trust indenture, if any, may, by any proceeding, protect and enforce all rights granted under this Sub-part, or by the resolution or trust indenture, to be performed by the parish, its governing authority or by the director of highways, or any officer thereof.

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Except as otherwise provided by resolution passed before the issuance of the bonds by the trust indenture, any holder of any bonds issued under the provisions of this Sub-part or of any of the coupons attached thereto, and the trustee under the trust indenture, if any, may, by any proceeding, protect and enforce all rights granted under this Sub-part, or by the resolution or trust indenture, to be performed by the parish, its governing authority or by the director of highways, or any officer thereof.