The purpose of this memorandum is to review certain reporting and disclosure requirements, and certain restrictions that may limit the disposition of securities of the company held by its officers, directors and principal shareholders, which are imposed by the Securities Act of 1933, the Securities and Exchange Act of 1934, and the rules of the Securities and Exchange Commission thereunder. This memorandum is prepared for the management of the company and should be treated as a confidential communication between the company and its counsel.
Louisiana Limitation on Disposition of Securities Memorandum
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This is called the Discovery Rule. The statute of limitations in Louisiana for any case, whether car accidents, slip and fall, assault, defamation, strict or product liability, or even wrongful death, is one year from the date of injury.
The state of Louisiana is unique in that nearly all civil actions have a one-year statute of limitations (most states range from two to five years for more claims). The exceptions are the three-year limits on collections of rent and debts and a 10-year statute of limitations for contracts and judgments.
In Louisiana, the statute of limitations is known as liberative prescription. Liberative prescription is defined as ?mode of barring of actions as a result of inaction for a period of time?. Generally, Louisiana has a one-year prescriptive period for tort claims.
3941. Court where action brought; nullity of judgment of court of improper venue. A. An action for an annulment of marriage or for a divorce shall be brought in a parish where either party is domiciled, or in the parish of the last matrimonial domicile.
If you are in jail, the District Attorney must file charges within 45 days of your arrest.
(1) A party may move for a summary judgment for all or part of the relief for which he has prayed. A plaintiff's motion may be filed at any time after the answer has been filed. A defendant's motion may be filed at any time.
Louisiana Laws - Louisiana State Legislature. There is no time limitation upon the institution of prosecution for any crime for which the punishment may be death or life imprisonment or for the crime of forcible or second degree rape (R.S. .1).
An ex parte order of temporary custody of a minor child shall not be granted unless: (1) It clearly appears from specific facts shown by a verified petition or by supporting affidavit that immediate and irreparable injury will result to the child before the adverse party or his attorney can be heard in opposition.