LAC 35:XLI.1119 – Percentage Interest

A. Each partner's percentage shall be declared in the application for partnership license.
B. Each member’s percentage of interest in a limited liability company shall be declared in the application for license.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 4:148.

Historical Note

HISTORICAL NOTE: Adopted by the Racing Commission in 1971, promulgated by the Department of Commerce, Racing Commission, LR 2:429 (December 1976), amended LR 3:25 (January 1977), LR 4:275 (August 1978), LR 9:546 (August 1983), LR 36:2864 (December 2010).