HLS 14RS-389 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2014
HOUSE BILL NO. 351
BY REPRESENTATIVE BROADWATER
COMMERCIAL REGULATIONS: Provides relative to single business entities
AN ACT1
To enact R.S. 12:1702, relative to commercial regulations; provides relative to separate2
juridical personalities of affiliated business organizations; to provide for definitions;3
and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 12:1702 is hereby enacted to read as follows: 6
ยง1702. Business organizations: juridical personalities7
A. The separate juridical personality of an affiliated business organization8
may not be disregarded as between the affiliated organization, except on grounds that9
would justify disregarding the separate juridical personality of a business10
organization, as between the organization and a natural person. 11
B. For purposes of this Section, the term "business organization" means a12
business corporation, nonprofit corporation, limited liability company, partnership,13
or other form of business organization that is treated as a juridical person or legal14
entity pursuant to the laws of the state or country under which it is incorporated or15
organized.16 HLS 14RS-389 ORIGINAL
HB NO. 351
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Broadwater HB No. 351
Abstract: Provides relative to single business entities and affiliated juridical personalities.
Proposed law provides that a separate juridical personality of an affiliated business
organization may not be disregarded, except on grounds that would justify a disregard of the
juridical personality as between the organization and a natural person.
Proposed law defines "business organization" as a business corporation, nonprofit
corporation, limited liability company, partnership or other form of business organization
that is treated as a juridical person or legal entity under the laws of the state or country under
which it is incorporated or organized.
(Adds R.S. 12:1702)