Louisiana Revised Statutes 33:8045 – Corporate status
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Terms Used In Louisiana Revised Statutes 33:8045
- Contract: A legal written agreement that becomes binding when signed.
- 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.
The district shall constitute a body corporate in law with all the powers of a corporation, shall have perpetual existence, shall have the power and right to incur debts and contract obligations, to sue and be sued, and to do and perform any and all acts in its corporate capacity and its corporate name necessary and proper for carrying out of the objects and purposes for which the district was created.
Acts 1990, No. 781, §1.