Louisiana Revised Statutes 51:719 – Waiver of rights under chapter or rules and regulations void
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Terms Used In Louisiana Revised Statutes 51:719
- Person: means an individual, a corporation, a partnership, an association, a joint-stock company, a trust where the interest of the beneficiaries is evidenced by a security, or any unincorporated organization. See Louisiana Revised Statutes 51:702
- Security: means any note; stock; treasury stock; bond; debenture; evidence of indebtedness; certificate of interest or participation in any profit-sharing agreement; collateral-trust certificate; preorganization certificate or subscription; transferable share; investment contract; voting-trust certificate; certificate of deposit for a security; fractional undivided interest in oil, gas, or other mineral rights; any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof); or, in general, any interest or instrument commonly known as a "security"; or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. See Louisiana Revised Statutes 51:702
Any condition, stipulation, or provision binding any person acquiring any security to waive:
(1) Compliance with any provision of this Part or of the rules and regulations promulgated under this Part;
(2) Any rights provided by this Part or by the rules and regulations promulgated under this Part; or
(3) Any defenses arising under this Part or under the rules and regulations promulgated under this Part shall be void.
Acts 1985, No. 722, §1.