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Code · Louisiana · Title 23 — Labor and Worker's Compensation

RS 23:2211

104 words·~1 min read·/la/title-23/23-791

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RS 23:2211
§2211. Nonprofit status; ability to solicit funds
A. A board may apply for and receive a charter as a private, nonprofit corporation under the laws of this state and may choose to be recognized as a Section 501(c)(3) organization under the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3)).
B. In addition to receiving funds specified in this Chapter, a board may solicit additional funds from other public and private sources.
C. A board may not solicit or accept money from an entity with which the board contracts for the delivery of services.
Acts 2008, No. 743, §2, eff. July 1, 2008.
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