Louisiana Revised Statutes > Title 48 > Chapter 1 > Part VII > Subpart A – Legal Section
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§ 48:111 | General counsel and assistants; qualifications |
§ 48:112 | Powers and duties |
Terms Used In Louisiana Revised Statutes > Title 48 > Chapter 1 > Part VII > Subpart A - Legal Section
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10