Any person willfully violating any of the provisions of this Chapter shall be deemed guilty of a misdemeanor and shall be punished by a fine of not more than two thousand five hundred dollars or by imprisonment in the parish jail for not more than six months, or by both such fine and imprisonment. Any contract of financial planning and management as defined in this Chapter, made by an unlicensed person, shall be null and void and of no legal effect.
La. R.S. 37:2596
Penalties
Known as the Financial Planning and Management Service Law
The act spans §§ 37–37 (43 sections).
Acts 1970, No. 423, §16.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.