Louisiana Revised Statutes 51:2394 – Corporate or company matters
Terms Used In Louisiana Revised Statutes 51:2394
- Commissioner: means the commissioner of the Office of Financial Institutions within the office of the governor. See Louisiana Revised Statutes 51:2388
- Corporate name: means the name of a corporation or limited liability company as set forth in the articles of incorporation of a corporation or the articles of organization of a limited liability company. See Louisiana Revised Statutes 51:2388
- Licensee: means a Louisiana corporation or Louisiana limited liability company which is licensed under this Chapter. See Louisiana Revised Statutes 51:2388
- Officer: means :
(a) If used with respect to a corporation, a person appointed or designated as an officer of that corporation by or pursuant to applicable law or the articles of incorporation, or bylaws of that corporation. See Louisiana Revised Statutes 51:2388
A. The corporate or limited liability company name of each licensee shall include the word “BIDCO”. A licensee shall not transact business under a name other than its corporate name or limited liability company name.
B.(1) The board of directors of each licensee shall consist of not less than five directors. If the licensee is a limited liability company, it shall have at least five managers who are natural persons.
(2) The board of directors or managers of each licensee shall hold a meeting not less than once each month.
C. Within thirty days after the death, resignation, or removal of a director, manager, or officer, the election of a director, or the appointment of an officer, the licensee shall notify the commissioner in writing of the event and shall provide any additional information which the commissioner may require.
Acts 1991, No. 506, §1; Acts 2004, No. 806, §1.