La. Admin. Code tit. 28 § CLXI-501

Current through Register Vol. 50, No. 11, November 20, 2024
Section CLXI-501 - Definitions

Corporationany entity incorporated in Louisiana, or incorporated in another state and registered with the secretary of state in Louisiana, and legally authorized to do business in Louisiana.

Individual Ownera natural person who directly owns a center without setting up a juridical entity.

Juridical Entitya corporation, partnership, limited-liability company, church, university or governmental entity

Natural Persona human being.

Ownershipthe right that confers on a person direct, immediate and exclusive authority over a thing. The owner of a thing may use, enjoy and dispose of it within the limits and under the conditions established by law.

1.Direct Ownershipwhen the immediate owner is a natural person who exercises control personally rather than through a juridical entity.

2.Indirect Ownershipwhen the immediate owner is a juridical entity.

Partnershipany general or limited partnership licensed or authorized to do business in Louisiana.

La. Admin. Code tit. 28, § CLXI-501

Promulgated by the Board of Elementary and Secondary Education, LR 41620 (April 2015).effective 7/1/2015.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:407.31 et seq., R.S. 17:407.41, and R.S. 17:407.42.