Current with operative changes from the 2024 Third Special Legislative Session
Section 12:314.1 - Authority to investigate; penaltyA. The secretary of state may investigate any foreign corporation transacting business in this state which does not have a certificate of authority to transact business in this state.B. The secretary of state may impose a penalty of not more than one thousand dollars per violation against such foreign corporations transacting business in this state without a valid certificate of authority.C. The secretary of state shall adopt a schedule of penalties to be imposed under the provisions of this Section in accordance with the provisions of the Administrative Procedure Act.D. If a penalty imposed under the provisions of this Section is not timely paid by a foreign corporation, the attorney general shall institute proceedings against the foreign corporation to collect such penalty.La. Corporations and Associations § 12:314.1