La. Rev. Stat. § 12:1303
Powers
Louisiana · Louisiana Revised Statutes Title 12 — Corporations and Associations · Status: effective
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- Citation
- La. Rev. Stat. § 12:1303, Powers, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2693402
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Full text
A. All limited liability companies, regardless of date of organization, shall have the powers, rights, and privileges provided for a corporation organized under the Business Corporation Law (R.S. 12:1 et seq.), and provided for a partnership organized under Title XI of Book III of the Louisiana Civil Code.
B. Without limiting the grant of powers, rights, and privileges contained in Subsection A of this Section, every limited liability company shall have perpetual existence, unless a limited period of duration is stated in the articles of organization.