---
urn: urn:us-la:rs:12:967
citation: "R.S. 12:967"
status: active
breadcrumb: "Title 12 › Chapter 10"
acts_citations:
  - { year: 1969, number: 49, section: 17, effective_date: null, role: enactment }
---

# State development company; federal definition

Any corporation organized under the provisions of this Chapter shall be a state development company, as defined in the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress, 1 or any other similar federal legislation, and shall be authorized to operate on a statewide basis.