Usufruct
R.S. 39:1991

Change in ownership ACTIVE

A change in ownership resulting in less than fifty-one percent ownership shall be reported to the division, and the enterprise shall immediately be decertified. Failure to report shall result in a fine of not less than one thousand dollars, and, if the enterprise continues to operate as a minority-owned business or as a women's business enterprise, failure to report shall result in a fine of not less than five thousand dollars and immediate decertification.

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. 39:1991

Bluebook
La. Rev. Stat. Ann. § 39:1991 (2026).
Permalink
https://theusufruct.com/rs/title-39/section-1991
BibTeX
@misc{larevstat-39-1991,
  title        = {La. Rev. Stat. Ann. § 39:1991},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-39/section-1991},
  note         = {Snapshot 2026-05-22}
}