Any person acting for himself or as the agent or representative of any person who does business, solicits, or attempts to do business in this state for any foreign association or their agents that has not procured certificates of authority and public necessity from the commissioner shall be fined not less than one thousand dollars nor more than three thousand dollars, or shall be imprisoned for not less than three months nor more than six months, or both.
La. R.S. 6:895
Penalty for doing business without certificate of authority
Known as the Louisiana Savings and Loan Association Law
The act spans §§ 6–6 (162 sections).
Acts 1970, No. 234, §1
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.