Louisiana Revised Statutes 45:619 – Binding date of purchase at judicial sale
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Terms Used In Louisiana Revised Statutes 45:619
- 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.
Any purchase at judicial sale by any railway corporation approved by two-thirds of the capital stock of such purchasing company in a stockholders’ meeting, duly convened and held, is valid and binding from the date of the purchase.