Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 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.
Source: official text