§ 39:1983 — Factors considered in determining control

NOTE: This provision of law was included in the Unconstitutional Statutes
Biennial Report to the Legislature, dated March 14, 2016 .
§1983. Factors considered in determining control
Whether an owner meets the fifty-one percent control requirement shall
be determined on an application-by-application basis. Factors which may be
considered in determining whether or not the owner meets the control
requirement include but are not limited to the following:
(1) Authority and restrictions as indicated in the articles of
incorporation, bylaws, partnership agreements, or other business agreements
and documents.
(2) Members of the board of directors and corporate officers.
(3) Recent changes in ownership or control of the business.
(4) Documentation indicating who has ultimate authority to make
policy and management decisions and to legally obligate the business.

Legislative History

Acts 1984, No. 653, §1, eff. July 1, 1984; Acts 1992, No. 797, §2, eff. July 1, 1992.