Louisiana Revised Statutes 12:903 – The corporate name
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Terms Used In Louisiana Revised Statutes 12:903
- 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.
- 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.
The corporate name may consist of the full or last name or names of one or more voting shareholders, former voting shareholders, or members of a predecessor medical partnership, or it may consist of any other name approved by the secretary of state. The name shall end with one of the phrases (which may be in parentheses) “A Professional Medical Corporation,” “A Professional Corporation” or “A Medical Corporation.” The name may include “Limited” or “Ltd.” The name need not contain “Incorporated” or “Inc.”
Added by Acts 1968, No. 27, §1. Amended by Acts 1977, No. 450, §1.