Louisiana Administrative Code
Title 28 - EDUCATION
Part CLXI - Bulletin 137-Louisiana Early Learning Center Licensing Regulations
Chapter 5 - Ownership of Early Learning Centers
Section CLXI-501 - Definitions

Universal Citation: LA Admin Code CLXI-501
Current through Register Vol. 50, No. 9, September 20, 2024

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.

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:407.31 et seq., R.S. 17:407.41, and R.S. 17:407.42.

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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