{"data":{"id":"us-la/rs-12-427","jurisdiction":"us-la","citation":"RS 12:427","heading":"Securities law exemption","body":"The provisions of Part X of Chapter 2 of Title 51 shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative pursuant to this Part to the United States of America or any agency or instrumentality thereof, or to any bank, insurance company, or other lending institution, or to any mortgage or deed of trust executed to secure the same. The provisions of said Part shall not apply to the issuance of membership certificates by any cooperative.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76530","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:02Z","sha256":"16d0df4c765d9f5e4be9038d981674973582f727ab2c11c1eb1cac98449b30de","source_id":"us-la","stale":false,"prev":"us-la/rs-12-426","next":"us-la/rs-12-428"},"notice":"GroundRules: Original legal text. Not legal advice."}