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Terms Used In Louisiana Revised Statutes 12:1013

  • 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.

The corporate name shall consist of the full or last name or the names of one or more voting shareholders, former voting shareholders, or members of a predecessor accounting firm, may include “limited” or “Ltd.”, and shall end with one of the phrases which may be in parenthesis “A Professional Accounting Corporation”, “A Professional Corporation”, or “A Corporation of Certified Public Accountants”.  The name need not contain “Incorporated” or “Inc.”.  

Added by Acts 1970, No. 191, §1.