Terms Used In Louisiana Revised Statutes 51:2320

  • 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.

Funds made available to the corporation by the legislature shall be used solely for the programs and purposes otherwise provided for in this Chapter.  The corporation shall keep books showing from whom any money is received and for what purpose, and to whom any money is paid and for what purpose.  It shall keep in its file vouchers or receipts for all money paid out.

Acts 1992, No. 1136, §1, eff. Jan. 1, 1994.