§ 37:2585 — Qualifications for license

Louisiana § 37:2585

• Jurisdiction: Louisiana
• Title 37: Professions and Occupations

Text

§2585. Qualifications for license
Upon the filing of the application and the approval of such bond and the payment of
the specified fees, if the director shall, upon investigation, find:
(1) That the financial responsibility, experience, character and general fitness of the
applicant, and of the members thereof (if the applicant be a partnership or association) and
of the officers and directors thereof (if the applicant be a corporation) are such as to
command the confidence of the community and to warrant belief that the business will be
operated fairly, honestly and efficiently within the purposes of this Chapter, and
(2) That the applicant, if an individual, and the members thereof, if the applicant is
a partnership or association, and the officers and directors thereof, if the application is a
corporation, or if such person or persons have not had a record of having defaulted in the
payment of money collected for others, including the discharge of such debts through
bankruptcy proceedings, the director shall thereupon issue and deliver a license to the
applicant to engage in the financial planning and management service business in accordance
with the provisions of this Chapter at the location specified in the application, which license
shall remain in full force and effect until it is surrendered by the licensee or revoked by the
director as hereinafter provided. Each license shall expire by the terms hereof on January
first next following the issuance thereof unless the license is renewed as hereinafter provided.

Legislative History

Acts 1970, No. 423, §5; Acts 2024, No. 644, §1.