Louisiana Revised Statutes 13:4727 – Head of corporation; liability
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Terms Used In Louisiana Revised Statutes 13:4727
- 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.
Where a gambling house as defined in La. Rev. Stat. 13:4721 is owned by a corporation, the president or executive head thereof shall be as fully amenable to the provisions of this Sub-part and the penalties hereunder as though such president or executive head were actually the owner of the gambling house.