US Laws, Codes, Statutes & Cases

§25.1.  Acquisition of immovable property prior to incorporation; retroactivity of corporate existence

Whenever any immovable property is acquired by one or more persons acting in any capacity for and in the name of any corporation which is not duly incorporated, and the corporation is subsequently duly incorporated in accordance with the provisions of R.S. 12:25, the corporate existence shall be retroactive to the date of acquisition of an interest in said immovable property, but such retroactive effect shall be without prejudice to rights validly acquired by third persons in the interim between the date of acquisition and the date that the corporation was duly incorporated.  

Acts 1987, No. 280, §1.  

{{NOTE:  ACTS 1987, NO.280, §2, PROVIDES THAT R.S. 12:25.1 IS REMEDIAL AND HAS LIMITED RETROACTIVITY.}}