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Louisiana Revised Statutes Tit. 39, § 1991. Change in ownership

Current as of January 01, 2023 | Updated by Findlaw Staff

A change in ownership resulting in less than fifty-one percent ownership shall be reported to the division, and the enterprise shall immediately be decertified. Failure to report shall result in a fine of not less than one thousand dollars, and, if the enterprise continues to operate as a minority-owned business or as a women's business enterprise, failure to report shall result in a fine of not less than five thousand dollars and immediate decertification.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 39, § 1991. Change in ownership - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-39-sect-1991/

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