Louisiana § RS 40:2115.12 - Definitions
Full text of Louisiana Louisiana Civil Code § RS 40:2115.12 — Definitions, with citation guidance and answers to common questions.
§ RS 40:2115.12. Definitions
The terms in this Subpart shall have the meaning provided below:
(1) "Acquisition" means any acquisition by a person of an ownership or controlling interest in a not-for-profit hospital, whether by purchase, merger, lease, gift, or otherwise, that results in a change of ownership or control of thirty percent or greater of either the voting rights or the assets of a hospital, or that results in the acquiring person holding a fifty percent or greater interest in the ownership or control of a hospital.
(2) "Attorney general" means the attorney general or his designee.
(3) "Charitable assets" means those tangible and intangible assets in the form of movable and immovable property and equipment, personnel, and services acquired by a hospital through the expenditure of direct and indirect state, federal and local funds, or funds retained by virtue of their non-taxable status, and through money paid through the patronage of members of the community the hospital serves.
Acts 1997, No. 1371, §1, eff. Jan. 1, 1998.
Frequently Asked Questions About Louisiana § RS 40:2115.12
What does Louisiana Civil Code § RS 40:2115.12 cover?
Section RS 40:2115.12 ("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 40:2115.12?
A common citation format is "Louisiana Civil Code § RS 40:2115.12" (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 40:2115.12 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.