Louisiana § RS 37:2585 - Qualifications for license
Full text of Louisiana Louisiana Civil Code § RS 37:2585 — Qualifications for license, with citation guidance and answers to common questions.
§ RS 37:2585. 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.
Acts 1970, No. 423, §5; Acts 2024, No. 644, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 37:2585
What does Louisiana Civil Code § RS 37:2585 cover?
Section RS 37:2585 ("Qualifications for license") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 37:2585?
A common citation format is "Louisiana Civil Code § RS 37:2585" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 37:2585 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.