RS 47:9018 - Bond; letters of credit or other surety Whenever a bond is required for the protection of the corporation, letters of credit or other surety approved by the corporation may be utilized in lieu of a bond. All bonds or letters of credit shall be reviewed at least annually as to their solvency and sufficiency. Acts 1990, No. 1045, §1, eff. Nov. 7, 1990.
Louisiana Legal Code