{
  "urn": "urn:us-la:rs:12:1303",
  "title_number": "12",
  "section_number": "1303",
  "citation": "R.S. 12:1303",
  "heading": "Powers",
  "text": "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.\n\nB. 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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "12",
      "name": "CORPORATIONS AND ASSOCIATIONS"
    },
    {
      "level": "chapter",
      "number": "22",
      "name": "LIMITED LIABILITY COMPANIES"
    },
    {
      "level": "part",
      "number": "II",
      "name": "FORMATION"
    }
  ],
  "breadcrumb": "Title 12 › Chapter 22 › Part II",
  "acts_citations": [
    {
      "act_year": 1992,
      "act_number": 780,
      "section": 2,
      "effective_date": "1992-07-07",
      "effective_date_raw": "July 7, 1992",
      "role": "enactment"
    },
    {
      "act_year": 1993,
      "act_number": 475,
      "section": 4,
      "effective_date": "1993-06-09",
      "effective_date_raw": "June 9, 1993",
      "role": "amendment"
    },
    {
      "act_year": 1997,
      "act_number": 717,
      "section": 1,
      "effective_date": "1997-07-08",
      "effective_date_raw": "July 8, 1997",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 1993, No. 475, §4, eff. June 9, 1993; Acts 1997, No. 717, §1, eff. July 8, 1997.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=76250",
  "website_law_id": 76250,
  "scrape_timestamp": "2026-05-22T21:50:45Z",
  "source_html_hash": "sha256:c718a85de32c6674673c4d0e3d038f1aefe91b6d047f24896d076d21bb00795c",
  "schema_version": "1.0.0"
}