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Current as of January 01, 2023 | Updated by FindLaw Staff
A. The holder of a security interest provoking the appointment of a receiver under this Part shall be required to pay the cost of the receiver's bond and the cost of operating the official gaming establishment or gaming operator during the term of the receivership to the extent that such costs exceed available revenues, in accordance with rules and regulations of the corporation.
B. The fees of the receiver and the authority for expenditures of the receiver shall be established by rules and regulations to be promulgated by the corporation and shall be considered costs of operations.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 27, § 282. Cost of bond; funding of operations during receivership - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-27-sect-282/
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