White stakes (OB) and Red stakes (lateral hazard) right?

[Rexmaster]

Are these fixed or interchangeable?

Some people in our league flight believe that white stakes are not always OB, it can be lateral hazard depends on course.

[Ignorant]

I wonder if those guys have ever even heard about a book called Rules of Golf ....

From Definitions:

Out of bounds

Note 1: Stakes or lines used to define out of bounds should be white. (actually interesting, I have never even heard of any kind of color than white)

Lateral water hazard

Note 1: That part of a water hazard to be played as a lateral water hazard must be distinctively marked. Stakes or lines used to define the margin of or identify a lateral water hazard must be red .

No chance to mix those two up.