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LTC2655 LDAC pin

What happens if the LTC2655 LDAC# pin is tied high (as in the typical application schematic on the last page of the data sheet) ?  The pin description on page 16 doesn't say.  I infer from Table 1 this means I have to use one of the update (or write and update) commands to transfer data from the input register to the DAC register.

If I were to use the LDAC# pin, it updates all 4 DACs from the 4 input registers simultaneously?

What happens if the LDAC# pin is tied low?  Data sheet is even more vague about this condition.