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Terms Used In Louisiana Revised Statutes 37:2588

  • 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: means any individual, firm partnership, association or corporation. See Louisiana Revised Statutes 37:2582

Any person, firm or corporation, lawfully engaged in the business of rendering credit and financial adjusting service in the State of Louisiana for at least one year, immediately prior to the effective date of this Chapter, shall be entitled to receive a license hereunder by filing an application within one year after the passage of this Chapter and furnishing a bond as hereinabove required, and the payment of the annual fee.  

Acts 1970, No. 423, §8.