Louisiana § RS 9:2717.1.1 - Expropriation; private entity; foreign adversary; agent of a foreign adversary

§ RS 9:2717.1.1. Expropriation; private entity; foreign adversary; agent of a foreign adversary

            For the purposes of expropriation of property by a private entity:

            (1) "Agent of a foreign adversary" means the juridical person, as defined in Civil Code Article 24, in which the foreign adversary has the power to direct or cause the direction of the management or policies of the juridical person 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 have the power to direct or cause the direction of the management or policies of the juridical person.

            (2) "Foreign adversary" means an individual or a government identified as a foreign adversary in 15 CFR 7.4(a) and identified in the database maintained by the United States Department of the Treasury, office of foreign assets control.

            Acts 2026, No. 786, §1.