Louisiana Revised Statutes 3:283 – Termination of the Authority
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Terms Used In Louisiana Revised Statutes 3:283
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means the Louisiana Agricultural Finance Authority created by this Chapter. See Louisiana Revised Statutes 3:263
- State: means the state of Louisiana or any agency or instrumentality thereof. See Louisiana Revised Statutes 3:263
In the event of the termination of the Authority, all of its rights, money, assets, and revenues in excess of its obligations shall be deposited in the state general fund.
Added by Acts 1983, No. 96, §1, eff. July 23, 1983.