La. Rev. Stat. § 9:160.1
This is the official text of La. Rev. Stat. § 9:160.1, 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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Digital assets; liquidation order or directive; before report required by R.S. 9:159
Official statutory text
A.(1) Notwithstanding the provisions of R.S. 9:160, the administrator may direct or order a digital asset holder to liquidate a digital asset before the date on which the filing of a report required by R.S. 9:159 for the digital asset is due.
(2) Any order or directive issued pursuant to this Subsection shall be accompanied by the summary required pursuant to R.S. 9:160.4.
B. If a digital asset holder receives an order or directive pursuant to Subsection A of this Section and reasonably believes the digital asset cannot be liquidated, or the digital asset holder cannot cause the digital asset to be liquidated, the digital asset holder shall promptly provide the administrator with written notice stating the reasons why.
C. Upon receiving notice pursuant to Subsection B of this Section, the administrator shall direct the digital asset holder concerning an alternative disposition of the digital asset.
Acts 1986, No. 829, §1, eff. July 10, 1986; Acts 1997, No. 809, §1, eff. July 10, 1997; Acts 2026, No. 891, §1, eff. Jan. 1, 2027.
(2) Any order or directive issued pursuant to this Subsection shall be accompanied by the summary required pursuant to R.S. 9:160.4.
B. If a digital asset holder receives an order or directive pursuant to Subsection A of this Section and reasonably believes the digital asset cannot be liquidated, or the digital asset holder cannot cause the digital asset to be liquidated, the digital asset holder shall promptly provide the administrator with written notice stating the reasons why.
C. Upon receiving notice pursuant to Subsection B of this Section, the administrator shall direct the digital asset holder concerning an alternative disposition of the digital asset.
Acts 1986, No. 829, §1, eff. July 10, 1986; Acts 1997, No. 809, §1, eff. July 10, 1997; Acts 2026, No. 891, §1, eff. Jan. 1, 2027.
Status: in_force · Read it on the official government site
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