Property Ownership
In Louisiana, a 'juridical person' that can own immovable property includes:
AOnly natural persons (humans) domiciled in Louisiana
BA corporation, LLC, partnership, or other entity recognized by law as having legal personality✓ Correct
COnly nonprofit organizations
DOnly government entities
Explanation
Louisiana Civil Code recognizes both natural persons and juridical persons as capable of owning property. Juridical persons include corporations, LLCs, partnerships, and other entities that have legal personality — the capacity to hold rights and obligations.
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