{"data":{"id":"us-la/rs-12-1303","jurisdiction":"us-la","citation":"RS 12:1303","heading":"Powers","body":"A. All limited liability companies, regardless of date of organization, shall have the powers, rights, and privileges provided for a corporation organized under the Business Corporation Law (R.S. 12:1 et seq.), and provided for a partnership organized under Title XI of Book III of the Louisiana Civil Code.\nB. Without limiting the grant of powers, rights, and privileges contained in Subsection A of this Section, every limited liability company shall have perpetual existence, unless a limited period of duration is stated in the articles of organization.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76250","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:13Z","sha256":"51a22ab2352c5d9f4a6560496a6eedec0cbb84046965885e9a1e339adc20bb35","source_id":"us-la","stale":false,"prev":"us-la/rs-12-1302","next":"us-la/rs-12-1304"},"notice":"GroundRules: Original legal text. Not legal advice."}