Terms Used In Louisiana Revised Statutes 51:1157.1

  • 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.
  • Corporation: means any corporation organized pursuant to the provisions of this chapter. See Louisiana Revised Statutes 51:1151

Any proposed instrument which provides security for the payment of bonds issued by the corporation shall be approved by the State Bond Commission.  The issuance and sale of any bonds by the corporation shall also be approved by the State Bond Commission.

Added by Acts 1977, No. 696, §1.  Acts 1984, No. 631, §1, eff. July 12, 1984; Acts 2014, No. 549, §2, eff. July 1, 2014.

{{NOTE:  SEE ACTS 1984, NO. 631, §2.}}

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