Usufruct
R.S. 12:491

Real estate investment trusts authorized and defined ACTIVE

A. Real Estate Investment Trusts are hereby authorized as a recognized form of association for the conduct of business within this state.

B. A real estate investment trust is a trust created at law by an instrument under which property is held and managed by trustees for the benefit and profit of such persons as may be or may become the holders of transferable certificates evidencing beneficial interests in the trust estate, which has elected to qualify for taxation as a real estate investment trust under Part II, Subchapter M of the Internal Revenue Code of 1954, as amended.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • amendment Acts 1970, No. 136, §1
  • amendment Acts 1977, No. 526, §1

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Cite R.S. 12:491

Bluebook
La. Rev. Stat. Ann. § 12:491 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-491
BibTeX
@misc{larevstat-12-491,
  title        = {La. Rev. Stat. Ann. § 12:491},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-491},
  note         = {Snapshot 2026-05-22}
}