Louisiana Revised Statutes 17:3361.1 – Leases for fundraisers that involve firearms
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 17:3361.1
- 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. If property at a public postsecondary education institution is leased to a nonprofit corporation or association for the purpose of holding a fundraising event, the lease may authorize and provide for the auction and sale of firearms at the event.
B. Any such lease shall include at a minimum the following conditions:
(1) The firearms to be auctioned are exhibited in a static display at the event.
(2) Campus security is present at the event.
(3) The event shall be held indoors.
(4) The firearms to be auctioned are equipped with a safety lock or other safety feature that renders the firearm nonoperational.
Acts 2014, No. 324, §2.