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Louisiana Revised Statutes Tit. 33, § 3832. Negotiability

Current as of January 01, 2023 | Updated by Findlaw Staff

A. Waterwork certificates and amortized promissory notes issued hereunder shall have all the requisites of negotiable paper under the law merchant, and shall not be invalid for any irregularity or defect in the proceedings for their issuance, sale or delivery, and shall be incontestable in the hands of bona fide purchasers or holders for value thereof.

B. The provisions of this section are applicable to sewer certificates issued by the Lafourche water district.

C. All work performed under the provisions of this Act  1 shall come under the provisions of R.S. 38:2211.

1 Act 440 of 1974 added R.S. 33:3811.1, amended R.S. 33:3812, amended R.S. 33:3813(C), added R.S. 33:3815.1, amended R.S. 33:3817, added R.S. 33:3818.1, added R.S. 33:3822.1 and amended R.S. 33:3823, R.S. 33:3830, R.S. 33:3831, and R.S. 33:3832.
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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 33, § 3832. Negotiability - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-33-sect-3832/

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