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Current as of January 01, 2023 | Updated by Findlaw Staff
In lieu of furnishing the bond required by R.S. 51:1563 the dance studio may deposit with the office of the state treasurer a cash deposit in a like amount. This cash deposit may be satisfied by any of the following:
(1) Certificates of deposit payable to the office of the state treasurer issued by banks doing business in this state and insured by the Federal Deposit Insurance Corporation.
(2) Investment certificates or share accounts assigned to the office of the state treasurer and issued by a savings and loan association doing business in this state and insured by the Federal Deposit Insurance Corporation.
(3) Bearer bonds issued by the United States government or by this state.
(4) Cash deposited with the office of the state treasurer.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 51, § 1565. Cash deposit in lieu of bond - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-51-sect-1565/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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