Bonds issued under this Part shall have all the qualities of negotiable paper and shall not be invalid for any irregularity or defect in the proceedings for their issuance and sale, and shall be incontestable in the hands of bona fide purchasers or owners for value.
La. R.S. 39:512
Bonds negotiable and incontestable
Known as the Consolidated Local Government Public Finance Act
The act spans §§ 39–39 (94 sections).
Acts 2018, No. 569, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.