La. Admin. Code tit. 48 § XXV-305

Current through Register Vol. 50, No. 9, September 20, 2024

Section XXV-305 - Notice

A. Nonprofit persons who are parties to a transaction shall give the attorney general at least 30 days notice prior to the anticipated closing of the intended transaction.

B. The written notice shall include all of the following information:

1. the names, addresses and telephone numbers of the parties to the intended transaction;

2. the names, addresses and telephone numbers of the attorneys or other persons who represent the parties in connection with the intended transaction;

3. a general summary of the intended transaction;

4. a general description of the assets involved in the intended transaction and the intended use of the assets after the closing of the intended transaction, including any change in the ownership of tangible or intangible assets;

5. a general summary of all collateral transactions that relate to the intended transaction, including the names, addresses and telephone numbers of the parties involved in the collateral transactions; and

6. the anticipated completion date of the intended transaction.

C. Giving notice shall comply with the following format.

1. The notice shall be in writing, which pages shall be numbered and printed on paper measuring 81/2 inches by 11 inches. The margins shall not be less than 1 inch on all sides. Unless otherwise required, the notice shall be printed on white paper.

2. Notice shall be sent to the director by certified mail. The director shall receive notice at least 30 days prior to the proposed transaction.

3. Notice shall not be given by facsimile machine.

4. Notice which does not comply with these rules shall not be accepted and will be returned.

La. Admin. Code tit. 48, § XXV-305

Promulgated by the Department of Justice, Office of the Attorney General, LR 24:1124 (June 1998).

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:2115.11 et seq.