La. Rev. Stat. § 6:1042
This is the official text of La. Rev. Stat. § 6:1042, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Liability of licensees
Official statutory text
Each licensee shall be liable for the payment of all checks which he sells or money he is obligated to transmit, in whatever form and whether directly or through an agent, as the maker or drawer thereof according to the negotiable instrument laws of this state; and a licensee who sells a check or transmits money, whether directly or through an agent, upon which he is not designated as maker or drawer shall nevertheless have the same liabilities with respect thereto as if he had signed same as the drawer thereof.
Acts 1966, No. 476, §12; Acts 2001, No. 586, §1, eff. June 22, 2001.
Acts 1966, No. 476, §12; Acts 2001, No. 586, §1, eff. June 22, 2001.
Status: in_force · Read it on the official government site
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