Paving certificates issued hereunder shall have all the qualities 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 thereof for value.
La. R.S. 33:3689.12
Negotiability of certificates; validity and incontestability
Acts 1952, No. 430, §12.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.