Louisiana Revised Statutes 51:40 – False advertising; penalty
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Terms Used In Louisiana Revised Statutes 51:40
- 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 advertise, represent, or hold out any sale of goods to be a fire, bankruptcy, or fiduciary sale without having complied with the provisions of this Part.
B. Whoever violates this Section shall be fined not less than fifty dollars nor more than five hundred dollars, or imprisoned for not less than thirty days nor more than six months, or both.
Acts 1986, No. 806, §1; Acts 1995, No. 669, §1.