Louisiana Revised Statutes 41:637 – Use of property for educational purposes; stipulation, abandonment and use as dedication
Terms Used In Louisiana Revised Statutes 41:637
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Wherever any real property has been acquired by any association, organization or non-profit corporation by virtue of a deed which contains a stipulation that such property is to be used for educational purposes and thereafter the use of said property is abandoned to any school board and is used by such school board for such purposes for a period in excess of ten years, such stipulation, abandonment and use shall constitute a dedication of such property to the public for such purposes and the right to administer and use such property for educational purposes shall be in the school board which has exercised the use of such property; provided that the provisions of this Section shall not apply to any property owned by an agency of the state, municipality or other public body.
Acts 1954, No. 572, §1.