Louisiana Administrative Code
Title 42 - LOUISIANA GAMING
Part XV - Lottery
Chapter 5 - Retailer Regulations
Section XV-541 - Insolvency of Retailer
Universal Citation: LA Admin Code XV-541
Current through Register Vol. 50, No. 9, September 20, 2024
A. Whenever any person or organization who receives proceeds from the sale of lottery tickets in the capacity of a retailer becomes insolvent or dies insolvent, the proceeds due the corporation from such person or his, her, or its estate shall have preference over all debts or demands.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:9001 et seq.
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