Louisiana Revised Statutes 39:1427 – Form in which securities may be issued
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Terms Used In Louisiana Revised Statutes 39:1427
- Securities: means bonds, notes, certificates or other written obligations for the repayment of borrowed money, including obligations to refund any of the foregoing. See Louisiana Revised Statutes 39:1421
Notwithstanding any other law to the contrary, securities may be issued in any one or more of the following forms: (a) payable to bearer with coupons attached for the payment of interest, subject to registration as to principal only or as to both principal and interest; and (b) fully registered without coupons which may be subject to conversion into coupon securities.
Added by Acts 1977, No. 390, §1, eff. July 10, 1977.