{"data":{"id":"us-la/rs-12-491","jurisdiction":"us-la","citation":"RS 12:491","heading":"Real estate investment trusts authorized and defined","body":"A. Real Estate Investment Trusts are hereby authorized as a recognized form of association for the conduct of business within this state.\nB. A real estate investment trust is a trust created at law by an instrument under which property is held and managed by trustees for the benefit and profit of such persons as may be or may become the holders of transferable certificates evidencing beneficial interests in the trust estate, which has elected to qualify for taxation as a real estate investment trust under Part II, Subchapter M of the Internal Revenue Code of 1954, as amended.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS","PART IV. REAL ESTATE INVESTMENT TRUSTS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76570","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:03Z","sha256":"134bae1bb6635984b20c823b24a70496f148b372c97ddbd723e26a31506aab0e","source_id":"us-la","stale":false,"prev":"us-la/rs-12-483","next":"us-la/rs-12-492"},"notice":"GroundRules: Original legal text. Not legal advice."}