Louisiana Revised Statutes 56:57.3 – Licenses; fraudulent acquisition; penalty
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Terms Used In Louisiana Revised Statutes 56:57.3
- 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
A. The issuance of a license is conditional upon the accuracy of all information submitted by the applicant on the application or license carrier. If the department finds any material misstatement of fact regarding the residency of the person to whom the license was issued, the license shall be voided and immediately surrendered to an agent of the department.
B. Any person, business, or corporation issuing or seeking to obtain a license shall comply with the licensing provisions of Subsection A hereof.
C. Any violation of this Section shall constitute a class three violation.
Acts 1993, No. 240, §1.