Louisiana Revised Statutes 33:8054 – Corporate status
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Terms Used In Louisiana Revised Statutes 33:8054
- 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.
The authority shall constitute a body corporate in law with all the powers of a corporation and shall have the power and right to sue and be sued, and to do and perform any and all acts in its corporate capacity and its corporate name necessary and proper for carrying out the objects and purposes for which the authority was created.
Acts 1992, No. 1061, §1, eff. Jan. 1, 1993.