RS 39:1235
A fiscal agent, depository, receiver, or liquidator may set off amounts due on certain promissory notes against the depositing authority’s balance when the contract ends or payment fails or stops, but not against a pledgee’s or transferee’s rights in due course for value.
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
- Official source
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depository accounts set-off termination of contracts
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RS 39:1235
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