Terms Used In Louisiana Revised Statutes 45:9

  • 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.

No member of a firm and no officer, director, agent or employee of a corporation shall knowingly permit or assist the firm or corporation to engage in the business of carrying passengers for hire by airplane without the firm or corporation having first complied with all the provisions of this Chapter.

Whoever violates this Section shall be fined not more than one thousand dollars, or imprisoned for not more than six months or both.