Usufruct
R.S. 39:1983

Factors considered in determining control ACTIVE

Whether an owner meets the fifty-one percent control requirement shall be determined on an application-by-application basis. Factors which may be considered in determining whether or not the owner meets the control requirement include but are not limited to the following:

(1) Authority and restrictions as indicated in the articles of incorporation, bylaws, partnership agreements, or other business agreements and documents.

(2) Members of the board of directors and corporate officers.

(3) Recent changes in ownership or control of the business.

(4) Documentation indicating who has ultimate authority to make policy and management decisions and to legally obligate the business.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1984, No. 653, §1, eff. July 1, 1984
  • amendment Acts 1992, No. 797, §2, eff. July 1, 1992

Section navigation

Cite R.S. 39:1983

Bluebook
La. Rev. Stat. Ann. § 39:1983 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1983
BibTeX
@misc{larevstat-39-1983,
  title        = {La. Rev. Stat. Ann. § 39:1983},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1983},
  note         = {Snapshot 2026-05-22}
}