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Louisiana Revised Statutes Tit. 6, § 1392. Enforcement power of the commissioner

Current as of January 01, 2023 | Updated by Findlaw Staff

A. For purposes of this Chapter, “enforcement action” means an action or actions by the commissioner to enforce the requirements of this Chapter, including any of the following:

(1) Suspend or revoke a license pursuant to the provisions of this Chapter.

(2) Order a person to cease and desist from doing virtual currency business activity with, or on behalf of, a resident.

(3) Request the court to appoint a receiver for the assets of a person doing virtual currency business activity with, or on behalf of, a resident.

(4) Request the court to issue temporary, preliminary, or permanent injunctive relief against a person doing virtual currency business activity with, or on behalf of, a resident.

(5) Assess civil money penalties.

(6) Recover on the surety bond provided pursuant to R.S. 6:1386 and initiate a plan to distribute the proceeds for the benefit of a resident injured by a violation of any provision of this Chapter.

(7) Impose necessary or appropriate conditions on the conduct of virtual currency business activity with, or on behalf of, a resident.

B. Any enforcement action pursuant to this Section may be supplemented by the exercise of any other enforcement power by the commissioner as may be authorized by this Title or any other Title of the Louisiana Revised Statutes of 1950.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 6, § 1392. Enforcement power of the commissioner - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-6-sect-1392/

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