Louisiana Revised Statutes 12:266 – Scope of Chapter
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Terms Used In Louisiana Revised Statutes 12:266
- 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.
This Chapter does not apply to:
(1) Any corporation organized for any purpose involving pecuniary profit or gain to its shareholders or members, or which pays dividends or similar pecuniary remuneration;
(2) Co-operative marketing or credit associations or corporations organized under the provisions of Title 3;
(3) Any corporation transacting any type of insurance business; or
(4) Foreign corporations, whether business or nonprofit, except where reference is made to such corporations.
Acts 1968, No. 105, §1.