Louisiana Revised Statutes 47:7002 – Definitions
Terms Used In Louisiana Revised Statutes 47:7002
- 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.
- Fiduciary: A trustee, executor, or administrator.
- 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 an individual, partnership, unincorporated association of individuals, joint stock company, or corporation. See Louisiana Revised Statutes 47:7002
- Trustee: A person or institution holding and administering property in trust.
As used in this Chapter:
(1) “Agent” means an individual, association, corporation, club, trust, estate, society, company, joint stock company, receiver, trustee, any other person acting in a fiduciary or representative capacity who is appointed by a court, or any combination of individuals. Agent includes any department, commission, agency, or instrumentality of the state and any parish, city, village, or township and any agency or instrumentality thereof.
(2) “Gaming equipment” means any mechanical, electrical, or other contrivance used to facilitate the risking of loss of anything of value in order to realize a profit.
(3) “Person” includes an individual, partnership, unincorporated association of individuals, joint stock company, or corporation.
Acts 1987, No. 443, §1.