Corporations; Perpetual or Indefinite Duration; Dissolution; Perpetual Franchises or Privileges
| Currency | Current through the election of November 8, 2022 |
| Citation | La. Const. art. XII § 12 |
Neither the state nor any political subdivision shall grant a perpetual franchise or privilege; however, the legislature may authorize the organization of corporations for perpetual or indefinite duration. Every corporation shall be subject to disso...
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