Louisiana § RS 3:3614 - Definitions
Full text of Louisiana Louisiana Civil Code § RS 3:3614 — Definitions, with citation guidance and answers to common questions.
§ RS 3:3614. Definitions
For purposes of this Part, the following definitions shall apply:
(1) "Controlling interest" means possession of the power to direct or cause the direction of the management or policies of a company, whether through ownership of securities, by contract or otherwise. A person or entity that directly or indirectly has the right to vote fifty percent or more of the voting interests of an entity or is entitled to fifty percent or more of its profits is presumed to possess a controlling interest.
(2) "Foreign adversary" means a foreign nongovernment person or foreign government identified as a foreign adversary pursuant to 15 CFR 7.4 including the People's Republic of China and the Hong Kong Special Administrative Region, Republic of Cuba, Islamic Republic of Iran, Democratic People's Republic of Korea, Russian Federation, and Venezuela under the leadership of Nicolas Maduro. It shall not include a person who is a legal permanent resident with lawful presence in the United States.
(3) "Immovable property" means agricultural land as defined in R.S. 3:3602.
(4) "Prohibited foreign actor" means a corporation, limited liability company, pension or investment fund, trust, or limited partnership in which a foreign adversary has a controlling interest.
Acts 2024, No. 420, §1.
Frequently Asked Questions About Louisiana § RS 3:3614
What does Louisiana Civil Code § RS 3:3614 cover?
Section RS 3:3614 ("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 3:3614?
A common citation format is "Louisiana Civil Code § RS 3:3614" (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 3:3614 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.