{"data":{"id":"us-la/rs-12-306","jurisdiction":"us-la","citation":"RS 12:306","heading":"Effect of certificate of authority","body":"A foreign corporation which before January 1, 1969 has received a certificate of authority which is still valid, or which shall on or after January 1, 1969 receive a certificate of authority, shall, until a certificate of revocation or of withdrawal shall have been issued as provided in this Chapter:\n(1) Be authorized to transact business in this state, subject to such limitations as may be recited in the certificate of authority;\n(2) Enjoy the same, but no greater, rights and privileges as a business or nonprofit corporation organized under the laws of this state to transact the business which such foreign corporation is authorized to transact in this state; and\n(3) Except as in this Chapter otherwise provided, be subject to the same duties, restrictions, penalties and liabilities imposed on or after January 1, 1969 upon a business or nonprofit corporation of like character organized under the laws of this state.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76477","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:01Z","sha256":"78b376ba3b8a7f7bd913ba030d2d841708e238eb0757181201b4cce9caac0076","source_id":"us-la","stale":false,"prev":"us-la/rs-12-305","next":"us-la/rs-12-307"},"notice":"GroundRules: Original legal text. Not legal advice."}