Louisiana Revised Statutes 51:41 – Violations; penalty
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Terms Used In Louisiana Revised Statutes 51:41
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Fiduciary: A trustee, executor, or administrator.
- Goods: includes goods, wares, and merchandise. See Louisiana Revised Statutes 51:31
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A. No person shall hold, conduct, or carry on any sale of goods as a fire, bankruptcy, or fiduciary sale contrary to the provisions of this Part.
B. Whoever violates any of the provisions of this Part except as provided in La. Rev. Stat. 51:40 shall be fined not less than two hundred and fifty dollars nor more than one thousand dollars, or imprisoned for not less than three months nor more than six months, or both.
Acts 1986, No. 806, §1; Acts 1995, No. 669, §1.