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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, 2012 ENROLLED
SENATE BILL NO. 757 (Substitute of Senate Bill No. 388 by Senator Martiny)
BY SENATOR MARTINY
AN ACT1
To enact R.S. 51:705(C)(1)(p), relative to securities; to provide relative to the registration2
of securities subject to certain laws or practices; to provide certain terms, conditions,3
procedures, and requirements; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 51:705(C)(1)(p) is hereby enacted to read as follows: 6
ยง705. Registration of securities; when and how required; delivery of prospectus7
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C. Registration statement. (1) Every registration statement filed under R.S.9
51:705(B) shall contain the following information:10
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(p)(i) Whether the security is subject to, bound by, or otherwise12
controlled by a religious law, ethic, custom, or practice and, if so, a declaration13
that identifies all of the following information:14
(aa) Such law, ethic, custom, or practice.15
(bb) Any precept or edict of such law, ethic, custom, or practice that16
would affect the type or nature of activities of the issuer, whether any earnings17
may not be distributed to the purchaser, whether any earnings may be18
distributed to third parties, and whether any religious qualification may apply19
to the selection of directors, officers or managers of the issuer.20
(ii) The issuer shall be solely responsible for disclosing and ensuring the21 SB NO. 757 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
accuracy of the information required by this Subparagraph.1
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PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: