Louisiana Revised Statutes 51:2313 – Examination by commissioner of financial institutions and audits by independent certified public accountants and by the legislative auditor
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Terms Used In Louisiana Revised Statutes 51:2313
- Corporation: means the Louisiana Economic Development Corporation as established in Part II of this Chapter. See Louisiana Revised Statutes 51:2303
- 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.
All programs of the corporation shall be subject to examination by the commissioner of financial institutions and audit by the legislative auditor, but the corporation shall not be deemed to be a banking organization nor be required to pay a fee for any such supervision or examination. The books and records of the corporation shall be audited annually by an independent certified public accountant firm.
Acts 1989, No. 33, §1; Acts 1992, No. 1136, §1, eff. Jan. 1, 1994.