Louisiana Revised Statutes 48:423 – Conspiracy to raise bids on contracts or supplies; penalty
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Terms Used In Louisiana Revised Statutes 48:423
- 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.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
No person shall collude to raise prices either in construction work or in supplying materials for any state highway work.
Whoever violates this Section, including any officer acting for a corporation, shall be fined not more than one thousand dollars or imprisoned for not more than twelve months, or both.