La. Admin. Code tit. 46 § XLI-1107

Current through Register Vol. 50, No. 11, November 20, 2024

Section XLI-1107 - Registration of Partnership and Limited Liability Company

A. Each partnership must be registered with the commission, and its application for a license must be signed by all of the partners or their authorized agents. Each partner shall be required to obtain an owner's license.

B. Each limited liability company must be registered with the commission, and its application must be signed by the member(s) or managing member(s) where designated. Every member having an interest of 5 percent or greater in the limited liability company shall be required to obtain an owner's license.

La. Admin. Code tit. 46, § XLI-1107

Adopted by the Racing Commission in 1971, promulgated by the Department of Commerce, Racing Commission, LR 2:429 (December 1976), amended LR 3:25 (January 1977), LR 4:274 (August 1978), LR 36:2863 (December 2010).

AUTHORITY NOTE: Promulgated in accordance with R.S. 4:148.