Louisiana Statutes
§ 12:1-631 — Corporation's acquisition of its own shares
Louisiana·Title 12 Conservation of Cultural Resources
A.A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
B.If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
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Legislative History
Acts 2014, No. 328, §1, eff. Jan. 1, 2015.
Nearby Sections
15
§ 12:1
§ 12:1§ 12:1-1001
§ 12:1-1001§ 12:1-1002
Amendment before issuance of shares§ 12:1-1004
Voting on amendments by voting groups§ 12:1-1005
Amendment by board of directors§ 12:1-1006
Articles of amendment§ 12:1-1007
Restated articles of incorporation§ 12:1-1008
Amendment pursuant to reorganization§ 12:1-1009
Effect of amendment§ 12:1-101
§ 12:1-101§ 12:1-102
Reservation of power to amend or repeal§ 12:1-1020
§ 12:1-1020