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Terms Used In Louisiana Revised Statutes 51:1725

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.

A.(1)  No person or entity shall solicit an individual by mail to participate in a contest unless such solicitation contains either of the following:

(a)  A statement of the odds that a participant making a single entry in such contest has of winning each item offered as a gift, prize, or thing of value.

(b)  A statement that the odds depend upon the number of entries received.

(2)  Such a statement shall be clearly and conspicuously printed on the face of the solicitation in bold type of at least twelve points or shall be contained in a section with contest rules.

B.  Each violation of this Section shall constitute an unfair practice under La. Rev. Stat. 51:1405(A) and shall be punishable as provided in La. Rev. Stat. 51:1722(B).

Acts 1995, No. 1169, §1.