Louisiana Revised Statutes 33:9034 – Direct participation by local governmental subdivisions
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 33:9034
- 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.
A local governmental subdivision may by resolution or ordinance propose to carry out the purposes of this Chapter without the necessity of creating and organizing an economic development corporation. Any local governmental subdivision that proposes to carry out the purposes of this Chapter in such a manner shall have all of the powers, rights, duties, and obligations of such a corporation under this Chapter and may do any act or take any action which such a corporation is authorized to do under this Chapter.
Acts 1990, No. 1082, §1.