Louisiana Revised Statutes 33:1893 – Maximum amount of awards
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Terms Used In Louisiana Revised Statutes 33:1893
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Awards may be in cash or in the form of corporeal movables. An award in cash shall be for a sum not in excess of two thousand dollars. An award in the form of a corporeal movable shall have a fair market value not greater than twelve hundred dollars.
Added by Acts 1979, No. 535, §1.