R.S. 12:306

Effect of certificate of authority ACTIVE

A foreign corporation which before January 1, 1969 has received a certificate of authority which is still valid, or which shall on or after January 1, 1969 receive a certificate of authority, shall, until a certificate of revocation or of withdrawal shall have been issued as provided in this Chapter:

(1) Be authorized to transact business in this state, subject to such limitations as may be recited in the certificate of authority;

(2) Enjoy the same, but no greater, rights and privileges as a business or nonprofit corporation organized under the laws of this state to transact the business which such foreign corporation is authorized to transact in this state; and

(3) Except as in this Chapter otherwise provided, be subject to the same duties, restrictions, penalties and liabilities imposed on or after January 1, 1969 upon a business or nonprofit corporation of like character organized under the laws of this state.

Actions

References

None.

Cited by

None.

History

  • enactment Acts 1968, No. 105, §1

Section navigation

Cite R.S. 12:306

Bluebook
La. Rev. Stat. Ann. § 12:306 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-306
BibTeX
@misc{larevstat-12-306,
  title        = {La. Rev. Stat. Ann. § 12:306},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-306},
  note         = {Snapshot 2026-05-22}
}