Louisiana Revised Statutes 12:1089 – Corporate authority
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Terms Used In Louisiana Revised Statutes 12:1089
- 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
A professional architectural corporation shall engage in the business of the practice of architecture and may engage in any business not in conflict with such business activity. It may hold, own, lease, or otherwise deal in property for investment or in connection with its architectural practice.
Added by Acts 1979, No. 225, §1, eff. July 9, 1979.