Usufruct
R.S. 27:279

Provisional license to former holder of security interest; gaming device ACTIVE

Any holder of a security interest in a gaming device who asserts the right to ownership or possession of the encumbered property may be granted a one-time, nonrenewable, provisional contract for a maximum of ninety days, for the sole purpose of acquiring ownership or possession for resale to a licensed or approved person or casino operating contractor approved by the board or approved person, all in accordance with rule and regulation to be promulgated by the corporation. The license or contract so granted shall not authorize the holder thereof to operate the gaming device or to utilize the property in gaming activities.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1992, No. 384, §1, eff. June 18, 1992. Redesignated from R.S. 4:679 by Acts 1996, 1st Ex. Sess., No. 7, §3, eff. May 1, 1996

Section navigation

Cite R.S. 27:279

Bluebook
La. Rev. Stat. Ann. § 27:279 (2026).
Permalink
https://theusufruct.com/rs/title-27/section-279
BibTeX
@misc{larevstat-27-279,
  title        = {La. Rev. Stat. Ann. § 27:279},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-27/section-279},
  note         = {Snapshot 2026-05-22}
}