Louisiana Revised Statutes > Title 27 > Chapter 1 – General Provisions
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§ 27:1 | Short title |
§ 27:2 | Public policy of state concerning gaming; status of licenses, contracts, and permits |
§ 27:3 | Definitions |
Terms Used In Louisiana Revised Statutes > Title 27 > Chapter 1 - General Provisions
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Benefit member: means an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract. See Louisiana Revised Statutes 22:284
- Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Louisiana Revised Statutes 22:284
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
- Society: means fraternal benefit society. See Louisiana Revised Statutes 22:284
- Trustee: A person or institution holding and administering property in trust.