Louisiana § 39:1798.14 Dissolution of corporation; title to the property to vest in successor

Louisiana Statutes

§ 39:1798.14 — Dissolution of corporation; title to the property to vest in successor

Louisiana § 39:1798.14

Title 39Procurement and Contract

This text of Louisiana § 39:1798.14 (Dissolution of corporation; title to the property to vest in successor) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 39:1798.14 (2026).

Text

Upon dissolution of the corporation, title to all property owned by the corporation shall vest in the successor corporation created by the legislature, if any, if such successor corporation qualifies under Section 103 of the Federal Internal Revenue Code of 1986, as amended, to issue obligations the interest on which is exempt from federal income taxation. If no such successor corporation is so created, title to such property shall vest in the state of Louisiana.

Free access — add to your briefcase to read the full text and ask questions with AI

Upon dissolution of the corporation, title to all property owned by the corporation shall vest in the successor corporation created by the legislature, if any, if such successor corporation qualifies under Section 103 of the Federal Internal Revenue Code of 1986, as amended, to issue obligations the interest on which is exempt from federal income taxation. If no such successor corporation is so created, title to such property shall vest in the state of Louisiana.