Louisiana House Bill HCR142

Louisiana 2015 Regular Session

• Introduced: 5/13/15
• Refer: 5/14/15

Caption

Requests the Louisiana State Law Institute to study and make recommendations regarding revision of nonprofit corporation law

Impact

If enacted, HCR142 aims to promote a more robust and contemporary understanding of nonprofit corporation regulations within Louisiana. This could lead to enhanced operational standards and compliance for nonprofits within the state, potentially removing ambiguities that have persisted in the existing statutes. The resolution acknowledges that updating the nonprofit corporation law is essential in ensuring these organizations can effectively adapt to current operational demands and maintain their competitiveness.

Summary

HCR142 is a concurrent resolution that urges the Louisiana State Law Institute to study and recommend revisions to the state's nonprofit corporation laws, originally incorporated into the Louisiana Revised Statutes of 1950. The resolution emphasizes that these laws have not undergone a comprehensive revision since 1968, despite some amendments being made in recent years. The need for revision arises from a desire to increase clarity and predictability within the state's nonprofit law framework, which is crucial for these organizations to remain competitive with similar entities in other states.

Sentiment

The general sentiment surrounding HCR142 is supportive of reforming outdated laws to better serve Louisiana's nonprofit sector. Advocacy for clearer legislation indicates a recognition of the importance of nonprofits in community development and services. However, concerns may linger over how these revisions might affect existing structures and the operational landscape of local organizations, although specific points of contention were not heavily documented in the discussions surrounding the resolution.

Contention

While the resolution calls for a study and recommendations, it does not outline specific contentious points regarding what changes should be made. The potential challenges may arise from differing perspectives on how nonprofit regulations should adapt to facilitate growth while ensuring accountability. The resolution is a preliminary step that could spark more extensive debates over the specifics of proposed law changes once the recommendations are generated by the Louisiana State Law Institute.