{
  "urn": "urn:us-la:rs:12:306",
  "title_number": "12",
  "section_number": "306",
  "citation": "R.S. 12:306",
  "heading": "Effect of certificate of authority",
  "text": "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:\n\n(1) Be authorized to transact business in this state, subject to such limitations as may be recited in the certificate of authority;\n\n(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\n\n(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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "12",
      "name": "CORPORATIONS AND ASSOCIATIONS"
    },
    {
      "level": "chapter",
      "number": "3",
      "name": "FOREIGN CORPORATION LAW"
    }
  ],
  "breadcrumb": "Title 12 › Chapter 3",
  "acts_citations": [
    {
      "act_year": 1968,
      "act_number": 105,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1968, No. 105, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=76477",
  "website_law_id": 76477,
  "scrape_timestamp": "2026-05-22T21:49:14Z",
  "source_html_hash": "sha256:75c7a5cd843fd030c2a446501324614860a15da955f63e4cd72c55bec2fd08d0",
  "schema_version": "1.0.0"
}