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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010 ENROLLED
SENATE BILL NO. 98
BY SENATORS MARTINY AND DUPLESSIS
AN ACT1
To amend and reenact R.S. 37:1788(B)(2) and to enact R.S. 37:1788(B)(3), relative to2
pawnbrokers; to provide for change in ownership of pawnshops under certain3
circumstances; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 37:1788(B)(2) is hereby amended and reenacted, and R.S.6
37:1788(B)(3) is hereby enacted to read as follows:7
ยง1788. Change in ownership; change in name; change in location; ceasing to do8
business9
* * *10
B.(1) * * *11
(2)(a) Where a change in ownership occurs due to the death of an owner12
of twenty-five percent or more of a licensed pawnshop, a new license shall not13
be necessary under either of the following circumstances:14
(i) The deceased held ownership as part of a community of acquets and15
gains and the surviving spouse obtains ownership of the deceased's share of the16
community, either in full or via usufruct.17
(ii) The ownership of the deceased transfers via succession to an18
ascendant, descendant, or collateral heir of the deceased.19
(b) When a licensee seeks to change ownership pursuant to this20
Subsection, upon renewal of the license, the licensee shall notify the21
commissioner in writing of the change of ownership and provide such proof as22
the commissioner deems appropriate to support such change in ownership.23 SB NO. 98 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(3) In the event that a licensee wishes to change its name, trade name, or1
assumed name, and such change is not due to a change in ownership or legal entity,2
the licensee shall notify the commissioner in writing within thirty days of such3
change and submit a fee of fifty dollars. If the licensee fails to notify the4
commissioner or remit the required fee within the required thirty days, the5
commissioner may assess the licensee an amount not to exceed one hundred dollars6
as a penalty.7
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PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: