Louisiana Statutes
§ 51:1106 — Failure to commence to do business
Louisiana·Title 51 Trade and Commerce
If a corporation organized pursuant to this Chapter fails to commence to do business within three years from the effective date of the approval of its articles of incorporation or the granting of its charter by the secretary of state, whichever occurs earlier, then the said charter shall become null and void.
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Legislative History
Acts 1962, No. 434, §6.
Nearby Sections
15
§ 51:1101
§ 51:1101§ 51:1103
Articles of incorporation§ 51:1104
Corporate powers§ 51:1106
Failure to commence to do business§ 51:1107
Lending power; limitation§ 51:1121
§ 51:1121§ 51:1131
§ 51:1131§ 51:1141
§ 51:1141§ 51:1142
Purpose§ 51:1145
Limitations