Louisiana Revised Statutes 37:1892 – For purposes of this Part, the following words have the following meanings:
Terms Used In Louisiana Revised Statutes 37:1892
- 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.
For purposes of this Part, the following words have the following meanings:
(1) “Catalytic converter” means an exhaust emission control device that reduces toxic gas and pollutants from internal combustion engines.
(2) “Catalytic converter dealer” means a person licensed by the commission to purchase or sell used or detached catalytic converters pursuant to the provisions of this Part.
(3) “Commission” means the Louisiana Used Motor Vehicle Commission.
(4) “Person” means any natural or juridical person and includes any firm, association, corporation, limited liability company, partnership, trust, or two or more natural or juridical persons having a joint or common interest. “Person” also includes a transient merchant as defined by La. Rev. Stat. 37:1901.
Acts 2022, No. 584, §1; Acts 2023, No. 373, §1.