Louisiana Revised Statutes 51:2327 – Definitions
Terms Used In Louisiana Revised Statutes 51:2327
- Corporation: means the Louisiana Economic Development Corporation. See Louisiana Revised Statutes 51:2327
- 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.
- Small business incubator: means a multi-tenanted facility which is characterized by shared business services, equipment, space, and access to on-premises business consultants for tenants and which is operated by a private nonprofit or public entity. See Louisiana Revised Statutes 51:2327
As used in this Part, the following terms shall have the meanings specified in this Section:
(1) “Applicant” means a private nonprofit or public entity located in this state.
(2) “Corporation” means the Louisiana Economic Development Corporation.
(3) “Program” means the Monroe and Northeast Louisiana Technology and Business Incubation Center.
(4) “Small business incubator” means a multi-tenanted facility which is characterized by shared business services, equipment, space, and access to on-premises business consultants for tenants and which is operated by a private nonprofit or public entity.
(5) “Tenant” means a sole proprietorship, partnership, corporation, or limited liability partnership or company which operates within a small business incubator and is primarily a technology based start-up company as determined by the Louisiana Economic Development Corporation.
Acts 2003, No. 1170, §1.