Louisiana Revised Statutes 12:1-940 – Foreign nonprofit domestication and conversion
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Terms Used In Louisiana Revised Statutes 12:1-940
- 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.
A foreign nonprofit corporation may become a domestic business corporation if the domestication and conversion is permitted by the organic law of the foreign nonprofit corporation.
Acts 2014, No. 328, §1, eff. Jan. 1, 2015.