"Cayce Mafia" Dec 12 2011 Thad Ackel: Louisiana HB 195,Act 389 Banning Cash
Channel: Steve Isom
Date: 2012-01-16

Thad D. Ackel, Jr. Esq.
Lead Counsel at Ackel & Associates L.L.C.
&
Founder of The Foundation for Economic and Civil Liberty

Discusses:

A new law passed in Louisiana has made it illegal for consumers to pay for second-hand goods with cash, in a ruling that has a substantial effect on the many flea markets in the state.

House Bill 195 states that "Anyone, other than a non-profit entity, who buys, sells, trades in or otherwise acquires or disposes of junk or used or secondhand property more frequently than once per month from any other person, other than a non-profit entity, shall be deemed as being in the business of a secondhand dealer. A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property."


Thad D. Ackel, Jr. Esq.
Lead Counsel at Ackel & Associates L.L.C.
AckelAndAssociates.com

504.298.4222

Founder of The Foundation for Economic and Civil Liberty
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Thank You . . .
December 12th, 2011

S t e v e    I s o m 
  
 -- signing off