Usufruct
R.S. 12:1303

Powers ACTIVE

A. All limited liability companies, regardless of date of organization, shall have the powers, rights, and privileges provided for a corporation organized under the Business Corporation Law (R.S. 12:1 et seq.), and provided for a partnership organized under Title XI of Book III of the Louisiana Civil Code.

B. Without limiting the grant of powers, rights, and privileges contained in Subsection A of this Section, every limited liability company shall have perpetual existence, unless a limited period of duration is stated in the articles of organization.

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References

Cited by

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History

  • enactment Acts 1992, No. 780, §2, eff. July 7, 1992
  • amendment Acts 1993, No. 475, §4, eff. June 9, 1993
  • amendment Acts 1997, No. 717, §1, eff. July 8, 1997

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Cite R.S. 12:1303

Bluebook
La. Rev. Stat. Ann. § 12:1303 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-1303
BibTeX
@misc{larevstat-12-1303,
  title        = {La. Rev. Stat. Ann. § 12:1303},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-1303},
  note         = {Snapshot 2026-05-22}
}