Louisiana Revised Statutes 37:2597 – Injunction
Terms Used In Louisiana Revised Statutes 37:2597
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Director: means director of the Division of Occupational Standards. See Louisiana Revised Statutes 37:2582
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: means any individual, firm partnership, association or corporation. See Louisiana Revised Statutes 37:2582
To engage in the financial planning and management business, render financial service, or accept individuals funds, as defined in this Chapter, without a valid existing license so to do, is hereby declared to be inimical to the public welfare and to constitute a public nuisance. The director may, in the name of the people of the State of Louisiana, through the attorney general of the State of Louisiana or the state’s attorney of any parish in the State of Louisiana, apply for an injunction in any court of competent jurisdiction, to enjoin such person, firm or corporation from engaging in said business, and any such court may, as in cases relating to injunction in the State of Louisiana, issue temporary or permanent injunctions as the circumstances shall require; and in case of the violation of any injunction issued under this section, the court, or any judge thereof, may summarily try and punish the offender for contempt of court for each violation. Such injunction proceeding shall be in addition to, and not in lieu of, penalties and remedies otherwise in this Chapter provided.
Acts 1970, No. 423, §17.