La. Stat. tit. 45 § 1168
Current with operative changes from the 2024 Third Special Legislative Session
No public utility shall issue any security, or assume any obligation or liability as guarantor, endorser, surety, or otherwise in respect of any security of any other public utility, as defined in this Part or of any other person until it has been authorized to do so by order of the commission.
La. R.S. § 45:1168