Louisiana Revised Statutes 30:2278 – Indemnification agreements
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Terms Used In Louisiana Revised Statutes 30:2278
- Discharge: means discharge as defined in La. See Louisiana Revised Statutes 30:2272
- Disposal: means disposal as defined in La. See Louisiana Revised Statutes 30:2272
- Facility: means facility as defined in La. See Louisiana Revised Statutes 30:2272
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Owner or operator: means any person owning or operating a facility. See Louisiana Revised Statutes 30:2272
- Person: means any individual, municipality, public or private corporation, partnership, firm, the United States Government, and any agent or subdivision thereof or any other juridical person, which shall include, but not be limited to, trusts, joint stock companies, associations, the state of Louisiana, political subdivisions of the state of Louisiana, commissions, and interstate bodies. See Louisiana Revised Statutes 30:2004
No indemnification, hold harmless, or similar agreement or conveyance shall be effective to transfer from the owner or operator of any facility or from any person who may be liable for a discharge or disposal to any other person the liability imposed under this Chapter. Nothing in this Chapter shall bar any agreement to insure a party to such agreement for any liability under this Section.
Acts 1984, No. 791, §1.