Terms Used In Louisiana Revised Statutes 12:1-124

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

            A. A domestic or foreign corporation may correct a document filed with the secretary of state if any of the following apply:

            (1) The document contains an inaccuracy.

            (2) The document was defectively signed, attested, sealed, verified, or acknowledged.

            (3) The electronic transmission was defective.

            B. A document is corrected by delivering to the secretary of state for filing articles of correction. The articles of correction shall do all of the following:

            (1) Describe the document, including its filing date, or attach a copy of it to the articles.

            (2) Specify the inaccuracy or defect to be corrected.

            (3) Correct the inaccuracy or defect.

            C. Articles of correction are effective on the effective date of the document they correct except as to persons relying on the uncorrected document and adversely affected by the correction. As to those persons, articles of correction are effective when filed.

            Acts 2014, No. 328, §1, eff. Jan. 1, 2015; Acts 2016, No. 442, §1.