Louisiana Revised Statutes 3:213 – Terms defined
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Terms Used In Louisiana Revised Statutes 3:213
- 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.
In this Chapter whenever the word “corporation” is used, “agricultural credit corporation” as organized under this Chapter is meant; and whenever the words “borrower” or “member” are used, they shall include persons, co-partnerships, or corporations owning stock in the corporation.