LAC 42:XV.541

LAC 42:XV.541. Insolvency of Retailer

Last amended: 2000Year: 2026Length: 48 wordsOfficial source

Cite as La. Admin. Code tit. 42, pt. XV, § 541

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.
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