Louisiana § RS 12:1602 - Definitions
Full text of Louisiana Louisiana Civil Code § RS 12:1602 — Definitions, with citation guidance and answers to common questions.
§ RS 12:1602. Definitions
Terms that are defined in the Business Corporation Act have the same meaning in this Chapter as in that Act. As used in this Chapter:
(1) "Allowed update rule" means a rule of a licensing body allowed by R.S.12:1604(B) or (C).
(2) "Business entity" means any of the following business organizations: business corporation, limited liability company, partnership, partnership in commendam, and registered limited liability partnership.
(3) "Converting entity" means a domestic business corporation or domestic unincorporated entity as it exists before the effective date of an entity conversion under the Business Corporation Act.
(4) "Domestic business entity" means a business entity that is incorporated, organized, or formed under the laws of this state.
(5) "License" means any license, permit, or certificate issued by any board, commission, or agency of the state or any of its political subdivisions.
(6) "Licensing body" means the board, commission, or agency of the state or any of its political subdivisions that issues a license.
(7) "Publicly traded entity" means a business entity that is the issuer of shares, ownership interests, or other securities that are listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national securities association.
(8) "Surviving entity" means a domestic business corporation or domestic unincorporated entity as it exists immediately after the consummation of an entity conversion under the Business Corporation Act.
Acts 2006, No. 153, §1, eff. June 2, 2006; Acts 2014, No. 328, §1, eff. Jan. 1, 2015.
Frequently Asked Questions About Louisiana § RS 12:1602
What does Louisiana Civil Code § RS 12:1602 cover?
Section RS 12:1602 ("Definitions") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 12:1602?
A common citation format is "Louisiana Civil Code § RS 12:1602" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 12:1602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.