Usufruct
R.S. 6:1039

Maintenance of bond ACTIVE

After a license is granted, the licensee shall maintain its bond in the amount prescribed by R.S. 6:1037. If the commissioner determines at any time that the bond is insecure or deficient in amount, he shall by written order require the filing of a new or supplemental bond; however, such determination and bond requirement shall not be unreasonable, arbitrary, or capricious. If the order is not complied with within thirty days following service by certified mail upon the licensee, the commissioner shall suspend the authority of the licensee to transmit money or sell checks in Louisiana and shall commence proceedings to revoke the license.

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JSON Markdown Source (legis.la.gov)

References

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History

  • enactment Acts 1966, No. 476, §9
  • amendment Acts 1972, No. 324, §1
  • amendment Acts 1989, No. 401, §1, eff. June 30, 1989
  • amendment Acts 2001, No. 586, §1, eff. June 22, 2001

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Cite R.S. 6:1039

Bluebook
La. Rev. Stat. Ann. § 6:1039 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-1039
BibTeX
@misc{larevstat-6-1039,
  title        = {La. Rev. Stat. Ann. § 6:1039},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-1039},
  note         = {Snapshot 2026-05-22}
}