reglab/housing_qa huggingface dataset:
LA Rev Stat § 12:913 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§913. Dissolution

RS 913 - Dissolution  A. The fact that it has no voting shareholders shall be an additional ground for involuntary dissolution of a professional medical corporation.  B. In the event of the death of a shareholder of a professional medical corporation, said shareholder's succession representative, or those placed in possession of the shares of said shareholder if there be no administration of the succession, as the case may be, shall be entitled to vote the shares of said shareholder, and to be elected a director and officer of the corporation, for the purpose of effectuating a voluntary dissolution and liquidation of the corporation, in or out of court, pursuant to the Louisiana Business Corporation Law.  Added by Acts 1968, No. 27, §1. Amended by Acts 1972, No. 134, §1.
LA Rev Stat § 12:914 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§914. Regulation by Louisiana State Board of Medical Examiners

RS 914 - Regulation by Louisiana State Board of Medical Examiners  Professional medical corporations shall be subject to the discipline of the Louisiana State Board of Medical Examiners and to its authority to adopt rules and regulations governing the practice of medicine or podiatry. Added by Acts 1968, No. 27, §1; Acts 2005, No. 304, §1.
LA Rev Stat § 12:915 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§915. Short title

RS 915 - Short title  This Chapter shall be known and may be referred to by the short title "Professional Medical Corporations Act".  Added by Acts 1968, No. 27, §1.
LA Rev Stat § 12:951 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§951. Terms defined

RS 951 - Terms defined  As used in this Chapter, the following words and phrases, unless differently defined or described, shall have the meanings and references as follows:  (1) "Corporation" means a Louisiana industrial development corporation created under this Chapter.  (2) "Financial institution" means any banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds.  (3) "Member" means any financial institution authorized to do business within this state which shall undertake to lend money to a corporation created under this Chapter, upon its call, and in accordance with the provisions of this Chapter.  (4) "Board of directors" means the board of directors of the corporation created under this Chapter.  (5) "Loan limit" means, for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this Chapter.  Acts 1969, No. 49, §1.
LA Rev Stat § 12:954 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§954. Acquisition and disposition of securities; evidences of indebtedness; stock; loans from members

RS 954 - Acquisition and disposition of securities; evidences of indebtedness; stock; loans from members Notwithstanding any provision of law to the contrary or any provision in their respective charters, agreements of association, articles of organization, or trust indentures: (1) Any person, including all domestic corporations organized for the purpose of carrying on business with this state, and further including without implied limitation public utility companies and insurance companies, and foreign corporations licensed to do business within this state, and all financial institutions as defined herein, and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of any bonds, securities, or other evidences of indebtedness created by, or the shares of the capital stock of the corporation, and while owners of said stock to exercise all the rights, powers, and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory authority of the state except as otherwise provided in this Chapter; provided, however, that a financial institution which does not become a member of the corporation shall not be permitted to acquire any shares of the capital stock of the corporation; (2) All financial institutions are hereby authorized to become members of the corporation and to make loans to the corporation as provided herein; and (3) Each financial institution that becomes a member of the corporation is hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness created by the corporation, or the shares of the capital stock of the corporation, and while the owner of the stock, such financial institution shall have the authority to exercise all the rights, powers, and privileges of ownership, including the right to vote, all without the approval of any regulatory authority of the state. However, the amount of the capital stock of the corporation which may be acquired by any member pursuant to the authority granted in this Section shall not exceed ten percent of the loan limit of such member. (4) The amount of capital stock of the corporation which any member is authorized to acquire pursuant to the authority granted in this Section is in addition to the amount of capital stock in corporations which such member may otherwise be authorized to acquire. Acts 1969, No. 49, §4; Acts 2003, No. 292, §1.
LA Rev Stat § 12:956 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§956. Duration of membership; notice of withdrawal

RS 956 - Duration of membership; notice of withdrawal  Membership in the corporation shall be for the duration of the corporation; provided that upon written notice given to the corporation five years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice.  A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of said member.  Acts 1969, No. 49, §6.
LA Rev Stat § 12:957 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§957. Powers of stockholders and members; voting

RS 957 - Powers of stockholders and members; voting  The stockholders and the members of the corporation shall have the following powers of the corporation:  (1) To determine the number of and elect directors as provided in R.S. 12:959;  (2) To make, amend, and repeal bylaws;  (3) To amend its charter as provided in R.S. 12:958;  (4) To dissolve the corporation as provided in R.S. 12:965;  (5) To do all things necessary or desirable to secure aid, assistance loans and other financing from any financial institutions, and from any agency established under the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress,1 or other similar federal laws now or hereafter enacted;  (6) To exercise such other of the powers of the corporation consistent with this Chapter as may be conferred on the stockholders and the members by the bylaws.  As to all matters requiring action by the stockholders and the members of the corporation, said stockholders and said members shall vote separately thereon by classes, and except as otherwise herein provided, such matters shall require the affirmative vote of a majority of the votes to which the stockholders present or represented at the meeting shall be entitled and the affirmative vote of a majority of the votes to which the members present or represented at the meeting shall be entitled.  Each stockholder shall have one vote, in person or by proxy, for each share of capital stock held by him, and each member shall have one vote, in person or by proxy, except that any member having a loan limit of more than one thousand dollars shall have one additional vote, in person or by proxy, for each additional one thousand dollars which such member is authorized to have outstanding on loans to the corporation at any one time as determined under R.S. 12:955(3)(b).  Acts 1969, No. 49, §7. 115 U.S.C.A. §§77c, 77ddd, 80a-18, 633, 636, 661, 662, 671, 672, 681-688, 691, 695, 696.
LA Rev Stat § 12:958 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§958. Amendment of articles; certification of amendment

RS 958 - Amendment of articles; certification of amendment  The articles of incorporation may be amended by the votes of the stockholders and the members of the corporation, voting separately by classes, and such amendments shall require approval by the affirmative vote of two thirds of the votes to which the stockholders shall be entitled and two thirds of the votes to which the members shall be entitled; provided that no amendment of the articles of incorporation which is inconsistent with the general purposes expressed herein or which authorizes any additional class of capital stock to be issued, or which eliminates or curtails the right of the state comptroller to examine the corporation or the obligation of the corporation to make reports as provided in R.S. 12:962, shall be made; and provided further that no amendment of the articles of incorporation which increases the obligation of a member to make loans to the corporation, or makes any change in the principal amount, interest rate, maturity date, or in the security or credit position of any outstanding loan of a member to the corporation, or affects a member's right to withdraw from membership as provided herein, or affects a member's voting rights as provided herein, shall be made without the consent of each member affected by such amendment. Within thirty days after any meeting at which an amendment of the articles of incorporation has been adopted, articles of amendment signed and sworn to by the president, treasurer, and a majority of the directors, setting forth such amendment and due adoption thereof, shall be submitted to the secretary of state who shall examine them, and if he finds that they conform to the requirements of this Chapter, shall so certify and endorse his approval thereon. Thereupon, the articles of amendment shall be filed in the office of the secretary of state, and no such amendment shall take effect until such articles of amendment shall have been filed as aforesaid.  Acts 1969, No. 49, §8.
LA Rev Stat § 12:959 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§959. Officers; board of directors; responsibility for losses

RS 959 - Officers; board of directors; responsibility for losses A.(1) The business and affairs of the corporation shall be managed and conducted by a board of directors, a president, a vice president, a secretary, a treasurer, and other such officers and agents as the corporation by its bylaws shall authorize. (2) The board of directors shall consist of not less than fifteen nor more than twenty-one directors, as shall be determined in the first instance by the incorporators and thereafter annually by the members and the stockholders of the corporation. The board of directors may exercise all the powers of the corporation except those conferred by law or by the bylaws of the corporation upon the stockholders or members and it shall choose and appoint all the agents and officers of the corporation and fill all vacancies except vacancies in the office of director, which shall be filled as provided in this Subsection. The board of directors shall be elected in the first instance by the incorporators and thereafter at the annual meeting, which annual meeting shall be held during the month of January or, if no annual meeting shall be held in the year of incorporation, then within ninety days after the approval of the articles of incorporation at a special meeting as provided in this Subsection. (3) At each annual meeting or at each special meeting held as provided in this Subsection, the members of the corporation shall elect two-thirds of the board of directors, and the stockholders shall elect the remaining directors. The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after the election and until their successors are elected and qualified unless sooner removed in accordance with the provisions of the bylaws. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders. B. Directors and officers shall not be responsible for losses unless the same shall have been occasioned by the willful misconduct of such directors and officers. Acts 1969, No. 49, §9; Acts 2003, No. 292, §1.
LA Rev Stat § 12:960 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§960. Retention of earned surplus

RS 960 - Retention of earned surplus  Each year the corporation shall set apart as earned surplus not less than ten percent of its net earnings for the preceding fiscal year until such surplus shall be equal in value to one half of the amount paid in on the capital stock then outstanding. Whenever the amount of surplus established herein shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation. Net earnings and surplus shall be determined by the board of directors, after providing for such reserves as said directors deem desirable, and the determination of the directors made in good faith shall be conclusive on all persons.  Acts 1969, No. 49, §10.
LA Rev Stat § 12:961 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§961. Deposits

RS 961 - Deposits  The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.  Acts 1969, No. 49, §11.
LA Rev Stat § 12:962 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§962. Annual audit

RS 962 - Annual audit  The corporation shall be examined at least once annually by the banking commissioner and shall make reports of its condition not less than annually to said banking commissioner and more frequently upon call of the banking commissioner, who in turn shall make copies of such reports available to the governor; and the corporation shall also furnish such other information as may from time to time be required by the banking commissioner and secretary of state. The corporation shall pay the actual cost of said examinations. The banking commissioner shall exercise the same power and authority over corporations organized under this Chapter as is now exercised over banks and trust companies by the provisions of the Louisiana Banking Code, where such banking code is not in conflict with this Chapter.  Acts 1969, No. 49, §12.
LA Rev Stat § 12:963 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§963. Initial meeting of incorporators; quorum

RS 963 - Initial meeting of incorporators; quorum  The first meeting of the corporation shall be called by a notice signed by three or more of the incorporators, stating the time, place, and purpose of the meeting, a copy of which notice shall be mailed or delivered to each incorporator at least five days before the day appointed for the meeting. Said first meeting may be held without such notice upon agreement in writing to that effect, signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of said notice or of such unanimous agreement of the incorporators.  At such first meeting, the incorporators shall organize by the choice, by ballot, of a temporary clerk; by the adoption of bylaws; by the election by ballot of directors; and by action upon such other matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. Ten of the incorporators shall be a quorum for the transaction of business. Acts 1969, No. 49, §13.
LA Rev Stat § 12:964 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§964. Duration of corporation

RS 964 - Duration of corporation  The period of duration of the corporation shall be fifty years, subject, however, to the right of the stockholders and the members to dissolve the corporation prior to the expiration of said period as provided in R.S. 12:965. Acts 1969, No. 49, §14.
LA Rev Stat § 12:965 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§965. Dissolution; distribution of assets

RS 965 - Dissolution; distribution of assets The corporation may be dissolved upon the affirmative vote of two-thirds of the votes to which the stockholders shall be entitled and two-thirds of the votes to which the members shall be entitled. Upon any dissolution of the corporation, none of the corporation's assets shall be distributed to the stockholders until all sums due the members who are also creditors of the corporation have been paid in full. Acts 1969, No. 49, §15; Acts 2003, No. 292, §1.
LA Rev Stat § 12:966 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§966. Pledge of state credit prohibited

RS 966 - Pledge of state credit prohibited  Under no circumstances shall the credit of the state be pledged to any corporation organized under the provisions of this Chapter.  Acts 1969, No. 49, §16.
LA Rev Stat § 12:967 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§967. State development company; federal definition

RS 967 - State development company; federal definition  Any corporation organized under the provisions of this Chapter shall be a state development company, as defined in the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress,1 or any other similar federal legislation, and shall be authorized to operate on a statewide basis.  Acts 1969, No. 49, §17.  115 U.S.C.A. §§77c, 77ddd, 80a-18, 633, 636, 661, 662, 671, 672, 681-688, 691, 695, 696.
LA Rev Stat § 12:968 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§968. Tax exemptions, credits and privileges applicable

RS 968 - Tax exemptions, credits and privileges applicable  Any tax exemptions, tax credits, or tax privileges granted to banks, savings and loan associations, trust companies, and other financial institutions by any general laws are granted to corporations organized pursuant to this Chapter.  Acts 1969, No. 49, §18.
LA Rev Stat § 12:969 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§969. License fees

RS 969 - License fees Every corporation organized and engaged in business under the provisions of this Chapter shall pay an annual state occupational license tax of fifty dollars. In addition, parishes and municipalities are authorized to levy the occupational license taxes as prescribed; however, no parish or municipality shall levy any such occupational license tax in an amount greater than those prescribed. Acts 1969, No. 49, §19; Acts 2003, No. 292, §1.
LA Rev Stat § 12:970 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§970. Fiscal year

RS 970 - Fiscal year  Corporations organized under this Chapter shall adopt the calendar year as their fiscal year.  Acts 1969, No. 49, §20.
LA Rev Stat § 12:971 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§971. Applicability of Louisiana business corporation law

RS 971 - Applicability of Louisiana business corporation law  The corporation shall be subject to all of the provisions of Chapter 1 of this Title, as amended from time to time, except to the extent that such provisions are inconsistent with the provisions of this Chapter.  Acts 1984, No. 890, §1, eff. July 20, 1984.
LA Rev Stat § 12:972 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§972. Savings clause

RS 972 - Savings clause  Nothing herein contained shall be interpreted or construed as disapproving any act, action, or conduct which is or has been or may be in accordance with existing law, prior to amendment, nor shall anything herein contained be interpreted or construed as approving any act, action, or conduct which is or has been or may be in violation of existing law.  Acts 1984, No. 890, §1, eff. July 20, 1984.
LA Rev Stat § 12:981 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§981. Terms defined

RS 981 - Terms defined As used in this Chapter: A. "Professional dental corporation" means a corporation organized pursuant to this Chapter for the practice of dentistry. B. "Professional dental limited liability company" means a limited liability company organized pursuant to this Chapter for the practice of dentistry. C. All terms used both in this Chapter and in Chapter 1 of this Title shall have the same meaning. Added by Acts 1970, No. 127, §1; Acts 1995, No. 488, §1.
LA Rev Stat § 12:982 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§982. Professional corporations

RS 982 - Professional corporations  One or more natural persons of full age and duly licensed to practice dentistry in this state may form a corporation under Chapter 1 of this Title for the purpose of practicing dentistry. Such corporations shall be subject to all of the provisions of Chapter 1, as the same may from time to time be amended, except to the extent that such provisions are inconsistent with the provisions of this Chapter.  Added by Acts 1970, No. 127, §1.
LA Rev Stat § 12:982.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§982.1. Professional limited liability companies

RS 982.1 - Professional limited liability companies One or more natural persons of full age and duly licensed to practice dentistry in this state may form a limited liability company under Chapter 22 of this Title for the purpose of practicing dentistry. Such limited liability company shall be subject to the provisions of Chapter 1 as the same may from time to time be amended, except to the extent that the provisions are inconsistent with provisions of this Chapter. Acts 1995, No. 488, §1; Acts 2001, No. 476, §1, eff. June 21, 2001.
LA Rev Stat § 12:983 (2021)
2021 Louisiana Laws|Revised Statutes|Title 12 - Corporations and Associations|§983. Corporate and limited liability company name

RS 983 - Corporate and limited liability company name A. The corporate name shall consist of the full name or names as used on the license to practice dentistry issued by the Louisiana State Board of Dentistry of one or more voting shareholders, may include "Limited" or "Ltd.", and shall end with one of the phrases, which may be in parentheses, "A Professional Dental Corporation", "A Professional Corporation", or "A Dental Corporation". The name need not contain "Incorporated" or "Inc." B. The name of the limited liability company shall consist of the full names as used on the license to practice dentistry issued by the Louisiana State Board of Dentistry of all participating members and shall contain the words "limited liability company", the abbreviation "L.L.C." or the abbreviation "L.C.", as required in R.S. 12:1306(A)(1). C. This Section shall apply to all dental practices as defined in Chapter 9 of Title 37 of the Louisiana Revised Statutes of 19501 whether or not said dental practices are in conformity herewith prior to August 15, 1995. Added by Acts 1970, No. 127, §1. Amended by Acts 1975, No. 232, §1; Acts 1979, No. 400, §1, eff. July 11, 1979; Acts 1995, No. 488, §1. 1R.S. 37:751 et seq.