Terms Used In Louisiana Revised Statutes 6:1036

  • 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.
  • Oath: A promise to tell the truth.
  • 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.

Each application for a license to transmit money or sell checks shall be made under oath on a form supplied by the commissioner.  The application shall state the full name and street address of:

(1)  The proprietor, if the applicant is an individual.

(2)  Every member, if the applicant is a partnership or association.

(3)  The corporation and each officer and director of a corporate applicant.

Acts 1966, No. 476, §6; Amended by Acts 1972, No. 324, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001.