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Terms Used In Louisiana Code of Civil Procedure 614

  • 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.
  • Venue: The geographical location in which a case is tried.

A derivative action of a shareholder, partner, or member to enforce a right of a corporation or unincorporated association shall be brought in the parish of proper venue as to the corporation or unincorporated association.

Acts 1997, No. 839, §1, eff. July 1, 1997.