Louisiana Revised Statutes 17:3396.2 – Definition of corporation
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 17:3396.2
- 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.
- corporation: shall mean the nonprofit corporation authorized to be formed by this Part or any corporation succeeding to the principal functions thereof or to which the powers conferred upon the corporation by this Part. See Louisiana Revised Statutes 17:3396.2
As used in this Part, unless the context clearly indicates or requires other or different meaning or intent, the word “corporation” shall mean the nonprofit corporation authorized to be formed by this Part or any corporation succeeding to the principal functions thereof or to which the powers conferred upon the corporation by this Part. It is further declared that any such corporation shall not constitute an instrumentality of the state, a state agency, board, or commission, or a political subdivision.
Acts 1992, No. 882, §1.