Louisiana: Amendments to Business Corporation Act

Two Louisiana bills, both effective August 1, 2016, have been enacted in order to amend the Business Corporation Act. Louisiana House Bill 284 requires restated articles of incorporation to include the original articles of incorporation, in addition to removing the 30-day grace period for filing corrected annual reports. Louisiana House Bill 714 amends the act to include changes made to the Model Business Corporation Act, as well as passing a transition rule for the reinstatement of corporations whose charter was revoked before January 1, 2015.

To read House Bill 284 in its entirety, go here.

For the complete copy of House Bill 714, go here.

While reviewing the bills, please note that deletions as shown by strike through and insertions as shown by underline.

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