Louisiana Revised Statutes 40:2115.19 – Reports to the attorney general
Terms Used In Louisiana Revised Statutes 40:2115.19
- 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.
- Department: means the Louisiana Department of Health. See Louisiana Revised Statutes 40:2102
- Person: means the state, and any political subdivision or municipal corporation thereof, an individual, firm, partnership, corporation, company, association or joint stock association, or the legal successor thereof. See Louisiana Revised Statutes 40:2102
- Subpoena: A command to a witness to appear and give testimony.
A. The attorney general may require annual reports from the seller or its successor corporation or foundation and from the purchaser or other parties to the acquisition for up to five years after the date of acquisition to ensure compliance with commitments made to the attorney general. The attorney general may subpoena information and documents reasonably necessary to assure compliance.
B. If the attorney general receives information indicating that the acquiring person is not fulfilling the commitment to the affected community as provided for in La. Rev. Stat. 40:2115.18, the attorney general shall hold a hearing upon ten days notice to the affected parties. If after the hearing the attorney general determines that the information is true, it may petition the department to revoke the license issued to the purchaser. Any action by the department to revoke the license shall conform to the procedure in La. Rev. Stat. 40:2109 et seq., and the regulations promulgated thereunder.
Acts 1997, No. 1371, §1, eff. Jan. 1, 1998.