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La. R.S. 51:1101

BUSINESS DEVELOPMENT CORPORATIONS

Known as the Venture Capital Network Law

The act spans §§ 51–51 (16 sections).

Acts 1962, No. 434, §1.

CHAPTER 6. BUSINESS DEVELOPMENT CORPORATIONS

§1101. Definitions

As used in this Chapter, the following words and phrases, unless the text otherwise clearly indicates, shall have the following meanings:

(1) "Corporation" means a Louisiana business development corporation created under this Chapter.

(2) "Persons" includes individuals, firms, partnerships, corporations, trusts, associations and insurance companies.

(3) "Business" includes any commercial type activity whether conducted by an individual, firm, partnership, corporation, association or insurance company, provided such commercial type activity is located and doing business within the state of Louisiana.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.