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Terms Used In Louisiana Revised Statutes 51:335

  • 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.

           If any corporation, foreign or domestic, authorized to do business in this state, or any officer, agent, or receiver, of any such corporation, is guilty of unfair discrimination as defined by this Subpart, the Secretary of State shall immediately revoke the permit or license of such corporation to do business in this state.