---
urn: urn:us-la:rs:39:1991
citation: "R.S. 39:1991"
status: active
breadcrumb: "Title 39 › Subtitle III › Chapter 19 › Part I"
acts_citations:
  - { year: 1984, number: 653, section: 1, effective_date: 1984-07-01, role: enactment }
  - { year: 1992, number: 797, section: 2, effective_date: 1992-07-01, role: amendment }
---

# Change in ownership

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.