reglab/statecodes huggingface dataset:
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:78. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:78 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1993, No. 983, §1, eff. June 25, 1993; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:79. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:79 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:81. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:81 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1979, No. 53, §1; Acts 1993, No. 983, §1, eff. June 25, 1993; Acts 1997, No. 914, §1; Acts 2004, No. 523, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:82. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:82 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1989, No. 102, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:83. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:83 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1970, No. 50, §5, emerg. eff. June 18, 1970, at 5:05 P.M.; Acts 1986, No. 561, §1, eff. July 2, 1986; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:84. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:84 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:91. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:91 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1999, No. 1253, §1, eff. July 12, 1999; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:92. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:92 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1984, No. 841, §1, eff. July 13, 1984; Acts 1987, No. 463, §1; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 1989, No. 612, §1, eff. July 6, 1989; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:93. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:93 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:94. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:94 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:95. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:95 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:96. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:96 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1997, No. 1101, §1, eff. July 14, 1997; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:101. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:101 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1976, No. 459, §1; Acts 2014, No. 328, §5, eff. Jan. 1. 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:102. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:102 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1970, No. 50, §6, emerg. eff. June 18, 1970, at 5:05 P.M.; Acts 1972, No. 383, §1; Acts 1976, No. 459, §2; Acts 1981, No. 494, §1; Acts 1990, No. 745, §2; Acts 1992, No.103, §1, eff. June 5, 1992; Acts 2001, No. 1187, §1; Acts 2003, No. 365, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:103. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:103 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Acts 1984, No. 841, §1, eff. July 13, 1984; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:104. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:104 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1976, No. 460, §1; Acts 1978, No. 232, §1; Acts 1987, No. 769, §1; Acts 1988, No. 99, §1; Acts 1991, No. 334, §1; Acts 2001, No. 1187, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:111. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:111 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1990, No. 849, §1, eff. for taxable years after Dec. 31, 1989; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:112. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:112 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1970, No. 50, §§7-9, emerg. eff. June 18, 1970, at 5:05 P.M.; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 1989, No. 612, §1, eff. July 6, 1989; Acts 1990, No. 849, §1, eff. for taxable years after Dec. 31, 1989; Acts 1997, No. 914, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:113. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:113 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:114. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:114 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 1997, No. 914, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:115. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:115 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:116. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:116 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1990, No. 849, §1, eff. for taxable years after Dec. 31, 1989; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:117. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:117 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 1995, No. 847, §3, eff. June 27, 1995; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:121. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:121 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1970, No. 50, §§10, 11, emerg. eff. June 18, 1970, at 5:05 P.M; Acts 1990, No. 849, §1, eff. for taxable years after Dec. 31, 1989; Acts 2014, No. 328, §5, eff. Jan. 1, 2014.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:130. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:130 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1991, No. 914, §1, eff. July 23, 1991; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:130.1. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:130.1 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1991, No. 914, §1, eff. July 23, 199; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:130.2. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:130.2 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1991, No. 914, §1, eff. July 23, 1991; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:131. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:131 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1970, No. 50, §12, emerg. eff. June 18, 1970, at 5:05 P.M; Acts 1975, No. 433, §1; Acts 1993, No. 983, §1, eff. June 25, 1993; Acts 1997, No. 914, §1; Acts 2010, No. 7, §2, eff. May 19, 2010; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:132. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:132 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1984, No. 841, §2, eff. July 13, 1984; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
*15 U.S.C. §77B ET SEQ.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:133. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:133 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1984, No. 841, §2, eff. July 13, 1984; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:134. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:134 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1984, No. 841, §2, eff. July 13, 1984; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:135. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:135 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 1990, No. 613, §1; Acts 1990, No. 849, §1, eff. for taxable years after Dec. 31, 1989; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:136. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:136 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:137. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:137 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 1991, No. 914, §1, eff. July 23, 1991.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:138. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:138 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 1988, No. 455, §1, eff. July 10, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:139. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:139 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.1. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.1 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.2. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.2 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1987, No. 62, §1, eff. June 11, 1987; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.3. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.3 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 2001, No. 1186, §2; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.11. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.11 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.12. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.12 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.13. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.13 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.14. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.14 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.15. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.15 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.16. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.16 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:140.17. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:140.17 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1988, No. 173, §1, eff. June 29, 1988; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:141. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:141 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:142. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:142 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1979, No. 773, §1, eff. July 20, 1979; Acts 1984, No. 487, §1; Acts 1990, No. 849, §1, eff. for taxable years after Dec. 31, 1989; Acts 2001, No. 1187, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:142.1. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:142.1 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Added by Acts 1982, No. 526, §1, eff. Aug. 11, 1982. Acts 1989, No. 142, §1; Acts 2006, No. 170, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:143. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:143 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1970, No. 50, §13, emerg. eff. June 18, 1970, at 5:05 P.M.; Acts 1976, No. 587, §1, eff. Aug. 4, 1976; Acts 1982, No. 871, §1; Acts 1984, No. 406, §1; Acts 1985, No. 269, §1, eff. July 6, 1985; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:144. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:144 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:145. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:145 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1974, No. 610, §1; Acts 1976, No. 312, §1; Acts 2000, 1st Ex. Sess., No. 135, §3, eff. July 1, 2000; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:146. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:146 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:147. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:147 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:148. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:148 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Acts 1984, No. 715, §1, eff. July 12, 1984; Acts 1992, No. 447, §4; Acts 1997, No. 293, §1; Acts 1997, No. 1172, §1, eff. June 30, 1997; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:149. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:149 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2001, No. 1187, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:151. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:151 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:152. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:152 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:161. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:161 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:162. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:162 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:163. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:163 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1972, No. 601, §1; Acts 1976, No. 631, §1; Acts 1980, No. 824, §1, eff. Aug. 1, 1980; Acts 1981, No. 582, §1, eff. July 20, 1981; Acts 1982, No. 526, §2, eff. Aug. 11, 1982; Acts 1983, No. 88, §1; Acts 1984, No. 714, §1, eff. July 12, 1984; Acts 1997, No. 298, §1; Acts 1999, No. 342, §5; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
{{NOTE: SEE ACTS 1984, NO.714, §2.}}
1As appears in enrolled bill.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:164. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:164 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1983, No. 466, §1; Acts 2001, No. 1187, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:165. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:165 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1986, No. 642, §1; Acts 1999, No. 342, §5; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:171. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:171 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1. Amended by Acts 1970, No. 632, §1; Acts 1982, No. 526, §2, eff. Aug. 11, 1982; Acts 1983, No. 235, §1, eff. July 1, 1983; Acts 1983, 2nd Ex. Sess., No. 4, §1, eff. Jan. 1, 1984; Acts 1984, No. 741, §1, eff. July 13, 1984; Acts 2008, No. 913, §2; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:172. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:172 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:173. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:173 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 1989, No. 182, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:174. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:174 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:175. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:175 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:176. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:176 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:177. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:177 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:178. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

RS 12:178 - Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:204.1. Corporate name restrictions

RS 12:204.1 - Corporate name restrictions
A. Except as provided in this Section, the corporate name of a nonprofit corporation or organization shall not contain the name of any public park, playground, or other public facility together with the word "benefit", "benevolent", "endowment", "philanthropic", "foundation", or "fund". Nor shall a nonprofit corporation or organization deceptively or falsely imply or otherwise suggest that the corporation or organization is organized for the financial benefit of a park, playground, or other public facility unless the articles of incorporation provide that the revenues of such corporation or organization are dedicated to the exclusive or sole benefit of such park, playground, or other public facility and the governing authority of the governmental entity that owns or operates the park, playground, or public facility, by written consent, agrees to the corporate use of the name of the park, playground, or public facility.
B.(1) If use of the name of a park, playground, or other public facility is consented to by the appropriate governmental entity, such written consent shall be in the form of a contract for a fixed term of ten years. At the expiration of such contract, the corporation shall have one hundred eighty days within which to either amend its corporate name or obtain another renewal of the contract authorizing the continued use of the name.
(2) Any corporation existing on July 10, 1997, whose corporate name contains the name of a park, playground, or other public facility together with the word "benefit", "benevolent", "endowment", "philanthropic", "foundation", or "fund" shall have one hundred eighty days within which to either obtain consent of the governing authority that owns or operates such park, playground, or public facility or amend its articles of incorporation to provide that the revenues of such corporation or organization are dedicated to the exclusive or sole benefit of such park, playground, or public facility.
C. In addition to the remedies otherwise provided by law, any governmental entity may enforce the provisions of this Section by a civil suit, including a suit to enjoin any violation hereof. Upon finding that a person, corporation, or organization has knowingly violated this Section, a court may award damages, including an award of all profits derived from the said violation, and may order the destruction of all items bearing the name, symbol, or other descriptive inscription in violation of this Section.
Acts 1997, No. 819, §1, eff. July 10, 1997.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:204.2. Naming of certain nonprofit corporations

RS 12:204.2 - Naming of certain nonprofit corporations
Notwithstanding R.S. 12:204 or any other law to the contrary, a nonprofit corporation, incorporated under the laws of the state of Louisiana, may include the word "parish" in its name if the corporation meets all of the following criteria:
(1) The nonprofit corporation was created before 1925 to improve parish government.
(2) Membership in the nonprofit corporation is held by each police juror and all secretaries, treasurers, clerks and parish engineers employed by any parish in Louisiana.
(3) The full-time staff of the nonprofit corporation is charged with the responsibility of keeping state and national public officials informed of the activities and needs of the parish governing authorities.
(4) The provisions of this Section shall become null and void and have no effect on and after July 1, 2006.
Acts 2005, No. 275, §1, eff. July 1, 2005.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:205.1. Annual report to secretary of state

RS 12:205.1 - Annual report to secretary of state
A. On or before the anniversary date each year of the corporation, an officer or director of each corporation shall make and sign in its name a report to the secretary of state, stating:
(1) The post office address and the municipal address or location, which shall not be a post office box only, of its registered office.
(2) The name and post office address and municipal address or location, which shall not be a post office box only, of each registered agent.
(3) The names and municipal address, which shall not be a post office box only, of all of its directors and officers, and when the term of each expires.
(4) The taxpayer identification number of the corporation. The failure to include the taxpayer identification number of the corporation shall not invalidate nor cause the secretary of state to reject the report.
B. The secretary of state may prescribe and furnish forms for filing the annual report.
C. Each corporation, except a church, shall pay a filing fee as provided in R.S. 49:222 at the time of filing such report. No church shall be required to pay the fee.
D.(1) A church which is a member of and in good standing with a statewide church association may file such report through the association. The association shall then furnish the required information to the secretary of state. In lieu of submitting the information on a form supplied by the secretary of state, the association may submit a roster of information, provided that the roster contains the required information.
(2) A church which is a member of and in good standing with a statewide church association shall not be subject to the penalties otherwise applicable to corporations pursuant to this Title for failure to file annual reports.
Acts 1988, No. 95, §1; Acts 1989, No. 410, §1; Acts 1990, No. 22, §1; Acts 1990, No. 745, §2; Acts 2001, No. 1187, §1; Acts 2008, No. 913, §2; Acts 2019, No. 19, §2, eff. May 28, 2019.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:206. Effect of filing or recording papers

RS 12:206 - Effect of filing or recording papers
The filing and recording of articles and other documents pursuant to this Chapter are required for the purpose of affording all persons the opportunity of acquiring knowledge of the contents thereof, but no person dealing with a corporation shall be charged with constructive notice of the contents of the articles or such other documents by reason of the filing or recording.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:208. Defense of ultra vires

RS 12:208 - Defense of ultra vires
A. Invalidity of an act of a corporation, or of a conveyance or transfer of movable or immovable property to or by a corporation, by reason of the fact that the corporation was without capacity or power to perform such act or to make or receive such conveyance or transfer, may be asserted only:
(1) In an action by a member of the corporation to set aside such act, conveyance or transfer, brought within one year after the act was done or the conveyance or transfer was consummated, which time limit shall not be subject to suspension on any ground or interruption on any ground other than timely suit;
(2) In an action by a member against the corporation to enjoin the performance of any act or the transfer of movable or immovable property by or to the corporation. If the unauthorized act, conveyance or transfer sought to be enjoined is being, or is to be, performed or made pursuant to any contract to which the corporation is a party, the court may--if all of the parties to the contract are parties to the action, if the corporation is without capacity or power to perform the act or make or receive the transfer sought to be enjoined, and if the court considers such relief to be equitable--enjoin the performance of such contract, and in so doing may allow to the corporation, or to the other parties to the contract, compensation for any loss or damage sustained by any of them which may result from the action of the court in enjoining the performance of such contract, but anticipated profits to be derived from the performance of the contract shall not be awarded by the court as loss or damage sustained;
(3) In an action in damages by the corporation or by its receiver, trustee or other legal representative, or by its members, in a derivative or representative suit, against the incumbent or former officers or directors of the corporation;
(4) In an action by the state to dissolve the corporation, or to enjoin the corporation from the transaction of unauthorized business.
B. In any action brought pursuant to subsection A(1) or (2) of this section, the plaintiff shall sustain the burden of proof that he has not at any time prior thereto assented to the act, conveyance or transfer in question, and that in bringing the action he is not acting in collusion with officials of the corporation.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:209. Corporations not required to be non-stock corporations

RS 12:209 - Corporations not required to be non-stock corporations
A corporation which is not permitted to distribute its net assets to its members upon dissolution may be organized either on a stock basis or on a non-stock basis.
Acts 1968, No. 105, §1; Acts 1987, No. 294, §1, eff. July 5, 1987.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:212. Shareholders' preemptive rights

RS 12:212 - Shareholders' preemptive rights
Shareholders shall have only such preemptive rights as may be provided in the articles. If the articles simply provide that "Shareholders shall have preemptive rights", then:
A. Each holder of shares having voting rights shall, upon issuance for cash of shares having voting rights, have a preemptive right, during a reasonable period to be fixed by the board of directors (which need not exceed fifteen days after the giving or mailing of written notice to him of the terms and conditions on which such right is exercisable), to subscribe, at such price and upon such terms as may be fixed in the manner provided in R.S. 12:213, for such proportion of the shares to be issued, as the number of shares having voting rights held by him bears to the total number of shares having voting rights then outstanding.
B. A shareholder shall have no preemptive right to subscribe for shares:
(1) Which are to be issued for consideration other than cash; or
(2) Which are to be issued to satisfy conversion or option rights; or
(3) Which are treasury shares.
C. Shares which have been offered to shareholders having a preemptive right at a price or upon terms duly fixed, and which have not been subscribed for by them within the period fixed by the board of directors, may thereafter, for one year following the end of such period, be issued or sold to any other person or persons at a price not less than that at which they were offered to such shareholders.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:213. Issuance of shares; consideration

RS 12:213 - Issuance of shares; consideration
A. Par-value shares may be issued initially for such consideration expressed in dollars, not less than the par value thereof, as shall be fixed by the board of directors. Shares without par value may be issued initially for such consideration expressed in dollars as may be fixed by the board of directors, or by the members by vote of a majority in interest of the voting members present, if the articles reserve to the members the right to fix the consideration. Treasury shares may be disposed of by the corporation for such consideration as may be fixed from time to time by the board of directors.
B. Shares issued (1) pursuant to exercise of conversion rights, (2) in exchange for, or in respect of, outstanding shares pursuant to a reclassification of stock, or (3) in a merger or consolidation as provided in the merger or consolidation agreement, shall be considered as fully paid when so issued.
C. The consideration for shares shall be paid in cash or in corporeal or incorporeal property, or services actually rendered to the corporation, the fair value of which is not less than the dollar amount of the consideration fixed for the shares, before the shares are issued. Upon payment of the consideration fixed therefor, such shares shall be considered as fully paid. Cash consideration for shares may not be paid by the purchaser's note, secured or unsecured, or uncertified check; and in case of delivery of such a note or check in payment for shares, the shares shall not be issued until the note or check has been paid in full.
D. Solely for the purpose of determining whether shares have been paid for fully, the valuation placed by the directors or members, as the case may be, upon the consideration other than cash paid therefor shall be conclusive.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:214. Reservation of shares

RS 12:214 - Reservation of shares
A. A corporation shall reserve from its authorized but unissued shares, or its treasury shares, sufficient shares to meet its issuance obligations under subscription rights, warrants, options and conversion privileges.
B. Shares issuable pursuant to any such rights, warrants, options or privileges, grant or issuance of which was approved by such vote of the members as would have been required to amend the articles to increase the authorized number of the class of shares involved, shall, to the extent not available in the corporation's treasury, be issued notwithstanding the fact that the articles do not by their terms authorize such issuance.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:215. Convertible securities and stock-purchase rights

RS 12:215 - Convertible securities and stock-purchase rights
A. Unless the articles provide otherwise, a corporation shall have authority, whether or not in connection with the issuance and sale of any of its shares or other securities, to create and issue rights and options in any form, granting to the holders thereof:
(1) The right to convert, upon such terms and conditions as the corporation may deem expedient, shares or obligations into shares of any class; or
(2) The right or option to purchase, upon such terms and conditions as it may deem expedient, shares of any class.
B. Unless the articles provide otherwise, such authority shall be exercised by vote of the board of directors. However, no shares shall be issued pursuant to exercise of option rights created independently of issuance and sale of shares or other securities, unless the creation of such rights shall have been either (1) authorized or approved by the members, or (2) if the optionee is neither a director nor the holder, directly or indirectly, of record or beneficially or both, of more than ten per cent of the total voting power, authorized by vote of at least two-thirds of the directors in office.
C. If the shares (other than treasury shares) in respect of which such option or debt conversion rights are granted, have a par value and are authorized but unissued shares, then such conversion or option rights shall be exercisable at not less than the par value of such shares.
D. If the shares in respect of which such option or debt conversion rights are granted, are without par value or are treasury shares, such conversion or option rights shall be exercisable at such price as determined by the board of directors.
E. Shares shall not be converted into par-value shares (other than treasury shares) having a greater aggregate par value than the aggregate allocated value, at the time of conversion, of the shares to be converted.
F. Converted shares shall be cancelled.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:216. Redemption, purchase and cancellation of shares

RS 12:216 - Redemption, purchase and cancellation of shares
A. A corporation shall not purchase or redeem its shares when it is insolvent; or when such purchase or redemption would render it insolvent or would reduce its net assets below the aggregate amount payable on liquidation upon any issued shares, which have a preferential right to participate in the assets in event of liquidation, remaining after the purchase or redemption and cancellation of any shares in connection therewith; or at a price, in the case of shares subject to redemption, exceeding the redemption price thereof; or, except when authorized by the articles, unless a purchase of its shares has been authorized by affirmative vote of two-thirds in interest of the members of each class, regardless of limitations or restrictions on the voting power of any of such classes. Subject to the provisions of this subsection, a corporation may purchase its own shares, or redeem its shares subject to redemption, as provided in the following subsections of this section.
B. Subject to the provisions of R.S. 12:221(F), a corporation may purchase its own shares, or redeem its shares subject to redemption, out of surplus; provided that a corporation which is not permitted to distribute net assets to its members or shareholders on dissolution shall not pay any premium in connection with the redemption or purchase of its own shares, but shall pay not more than the consideration received by it upon issuance of each share redeemed or purchased.
C. To the extent that there is no surplus available for the purpose, a corporation may apply, to the redemption of its shares subject to redemption, such amount out of stated capital as will not reduce stated capital below the aggregate allocated value of the issued shares remaining after the redemption and cancellation of any shares in connection therewith.
D. To the extent that there is no surplus available for the purpose, a corporation may purchase its own shares out of stated capital for the purpose of paying dissenting shareholders entitled to payment for their shares under the provisions of this Chapter. Shares so purchased out of stated capital shall be cancelled.
E. To the extent that there is no surplus available for the purpose, a corporation may apply to the purchase of its shares:
(1) For the purpose of eliminating fractions of shares; or
(2) For the purpose of collecting or compromising indebtedness to the corporation;
such amount out of stated capital as will not reduce stated capital below the aggregate allocated value of the issued shares remaining after the purchase and cancellation of any shares in connection therewith.
F. Shares which are cancelled are thereby restored to the status of authorized and unissued shares, unless the articles provide otherwise.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:217. Classes and qualifications of membership

RS 12:217 - Classes and qualifications of membership
A. Membership shall be of the classes, and shall be governed by the rules of admission, retention, suspension and expulsion, which the articles or by-laws prescribe; provided that all rules shall be reasonable, germane to the purpose of the corporation, and equally enforced as to all members of the same class.
B. Unless otherwise provided by the articles or by-laws, there shall be one class of members.
C. If neither the articles nor the by-laws provide for members or shareholders, or if a corporation has, in fact, no shareholders, and no members other than the persons constituting its board of directors, the persons for the time being constituting the board shall, for all intents and purposes, be taken to be the members of the corporation, and shall exercise all of the rights and powers of the members.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:218. Membership dues; assessments

RS 12:218 - Membership dues; assessments
A. Corporations may levy dues or assessments, or both, upon their members, but only in accordance with authority conferred either by the articles or the by-laws.
B. Dues or assessments, or both, may be levied upon shares and non-shareholding members of all classes and series alike, or in different amounts or proportions, or upon a different basis, upon shares or non-shareholding members of different classes or series, but shall be uniform as to all shares or all non-shareholding members of the same class or series. Members of one or more classes may be made exempt from either dues or assessments, or both, in the manner and to the extent provided either in the articles or by-laws. The amount of the levy and the method of collection of dues or assessments, or both, may be fixed in the articles or by-laws, or the articles or by-laws may authorize the board of directors to fix the amount thereof from time to time, and make them payable at the time and by the method of collection which the directors prescribe.
C. The articles or by-laws may include provisions for the cancellation of membership, and for the forfeiture of shares, upon reasonable notice, for nonpayment of dues or assessments, and for the reinstatement of membership or shareholder status.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:219. Liability of subscribers and members

RS 12:219 - Liability of subscribers and members
A. A member of a corporation shall not be liable personally for any obligation of the corporation.
B. If property or services taken in payment for shares are grossly overvalued contrary to the provisions of this Chapter, the members who knowingly, or without the exercise of reasonable care and inquiry, consented thereto or voted in favor thereof shall be liable in solido to the corporation for the benefit of creditors or members, as their respective and relative interests may appear, for any loss or damage arising therefrom.
C. Every member who receives any unlawful distribution of assets shall be liable to the corporation or to creditors of the corporation, or to both, in an amount not exceeding the amount so received by him. An action to enforce this liability must be brought within two years from the date on which the unlawful distribution was received, and this time limit shall not be subject to suspension on any ground, nor to interruption except by timely suit.
D. When the directors are held liable solely because of having negligently consented to or participated in any unlawful distribution, payment or return of assets, the directors shall have, to the extent of the payments made by them, a cause and right of action for indemnity against each of the members for the proportionate amount of the unlawful distribution received by such member. This action must be brought within two years from the date of payment by the directors on account of the liability imposed by R.S. 12:226(D), and this time limit shall not be subject to suspension on any ground, nor to interruption except by timely suit.
E. A member shall not be liable for the commission of a prohibited act if he was absent from the meeting of members at which the action was authorized, or if he was present or represented at such meeting, and his dissent therefrom was either noted in the minutes of the meeting or filed promptly thereafter in the registered office of the corporation.
Acts 1968, No. 105, §1.
2023 Louisiana Laws › Revised Statutes › Title 12 - Corporations and Associations › §12:220. Reduction of membership below stated number

RS 12:220 - Reduction of membership below stated number
Whenever the membership of a corporation having a stated number of members is reduced below that number, the corporation shall not on that account be dissolved. It shall be lawful for the surviving or continuing members to continue the corporate existence, unless otherwise provided in the articles or by-laws.
Acts 1968, No. 105, §1.