Louisiana Revised Statutes 45:5 – Amount of bond
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 45:5
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
If the person engaged in the business of carrying persons for hire by airplane uses in the business only one airplane which is used or intended to be used for the purpose of carrying passengers for hire, then the amount of the bond shall be fifteen thousand dollars, and for every additional airplane that such person may so use, the amount of the bond shall be increased by one thousand dollars.