Louisiana Revised Statutes 54:116 – Transacting business without certificate; summary proceedings; penalty
Terms Used In Louisiana Revised Statutes 54:116
- 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: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A. On or after June 1, 1997, when a firm or corporation engages in the business of a public warehouse without having procured a certificate as provided in La. Rev. Stat. 54:113 and 114, or after its certificate has been revoked and before it has been renewed, except to deliver property stored in its warehouse prior to the revocation, the firm or corporation may, upon petition of any person setting forth that fact, be required by the court whose clerk is authorized in La. Rev. Stat. 54:113 to issue the certificates to pay to the governing authority of the parish where the warehouse is situated not less than one hundred dollars nor more than five hundred dollars for each day business is so transacted, not to exceed five thousand dollars, and costs of court.
B. When the business is transacted after revocation and before renewal of the certificate of the firm or corporation, the court may decree that the certificate shall not be renewed within a year after its revocation.
C. Nothing in this Section affects in any way the regular license laws of the parish, city, or state.
Acts 1997, No. 662, §1, eff. July 7, 1997.