La. Const. art. XII, § 12
- Constitution
- Constitution of Louisiana
- Text as of
- October 2026
What does this section say?
Neither the state nor any political subdivision shall grant a perpetual franchise or privilege; however, the legislature may authorize the organization of corporations for perpetual or indefinite duration. Every corporation shall be subject to dissolution or forfeiture of its charter or franchise, as provided by general law.
The text is copied from the official source: senate.la.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.