Usufruct
R.S. 22:445

Tontine funds; sales prohibited ACTIVE

A. The sale by any person of tontine funds whereby any part of the principal or interest earned on individual contributions is to be used for the benefit of other contributors is hereby prohibited.

B. Nothing herein contained shall in any way be construed as prohibiting the sale of insurance policies approved for use in the state of Louisiana by the commissioner of insurance.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1964, No. 385, §1
  • enactment Acts 1964, No. 385, §2
  • amendment Acts 2009, No. 503, §1

Section navigation

Cite R.S. 22:445

Bluebook
La. Rev. Stat. Ann. § 22:445 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-445
BibTeX
@misc{larevstat-22-445,
  title        = {La. Rev. Stat. Ann. § 22:445},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-445},
  note         = {Snapshot 2026-05-22}
}