Usufruct
R.S. 39:1795

Dissolution of corporation; title to property to vest in successor ACTIVE

Upon dissolution of the corporation, title to all property owned by the corporation shall vest in the successor corporation created by the legislature, if any, if such successor corporation qualifies under Section 103 of the Federal Internal Revenue Code of 1954, as amended, to issue obligations the interest on which is exempt from Federal Income Taxation. If no such successor corporation is so created, title to such property shall vest in the state of Louisiana.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1985, No. 893, §1, eff. July 23, 1985

Section navigation

Cite R.S. 39:1795

Bluebook
La. Rev. Stat. Ann. § 39:1795 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1795
BibTeX
@misc{larevstat-39-1795,
  title        = {La. Rev. Stat. Ann. § 39:1795},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1795},
  note         = {Snapshot 2026-05-22}
}