Louisiana Revised Statutes > Title 56 > Chapter 1 > Part VI > Subpart D – Vessel License
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Terms Used In Louisiana Revised Statutes > Title 56 > Chapter 1 > Part VI > Subpart D - Vessel License
- 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.
- Fish: as used in this Part , means all fish as defined in La. See Louisiana Revised Statutes 56:301
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Owner: as used in this Subpart , means the person having legal ownership of the vessel and can be an individual person, association, corporation, partnership, or other legal entity recognized by law. See Louisiana Revised Statutes 56:304
- 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.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10