A seller shall not maintain an action or have any claim against an owner or operator of an exchange located in this state, or against a buyer of the receivables, unless there is an agreement in writing setting forth the relevant terms and conditions, and the agreement is signed by the seller and the owner or operator on its own behalf and as agent for the buyer.
La. R.S. 9:3137.9
Prohibition of actions
Known as the Louisiana Exchange Sale of Receivables Act
The act spans §§ 9–9 (30 sections).
Acts 2010, No. 958, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.