Nonprofit status; ability to solicit funds
La. R.S. 23:2211
in effect23:2211. 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.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=631220Fetched: 10/20/2026
