Louisiana Revised Statutes 9:2123 – Stock subscription; incorporator; organizer; partnership; joint venture; limited liability company; other legal entities
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Terms Used In Louisiana Revised Statutes 9:2123
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trustee: A person or institution holding and administering property in trust.
A trustee may acquire and subscribe for corporate shares, act as an incorporator or organizer, or become a member of a partnership, joint venture, limited liability company, or other legal entity, unless the trust instrument provides otherwise.
Acts 1997, No. 251, §1.