Louisiana § 12:1090 Shares

Louisiana Statutes

§ 12:1090 — Shares

Louisiana·Title 12 Conservation of Cultural Resources

§1090. Shares

A.There shall be only one class of shares of professional architectural corporations, denominated common shares which shall be either with or without par value.

B.A majority of the outstanding shares of a professional architectural corporation shall be held by one or more natural persons duly licensed to practice architecture in this state, holding his shares in his own right.

C.The requirement of Subsection B of this Section may be met if such shares are held or owned by a holding company, a majority of the stock of which is owned by one or more natural persons duly licensed to practice architecture in this state, and the holding company is the direct owner of the stock of such professional architectural corporation.

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§1090. Shares
A. There shall be only one class of shares of professional architectural
corporations, denominated common shares which shall be either with or
without par value.
B. A majority of the outstanding shares of a professional architectural
corporation shall be held by one or more natural persons duly licensed to
practice architecture in this state, holding his shares in his own right.
C. The requirement of Subsection B of this Section may be met if such
shares are held or owned by a holding company, a majority of the stock of
which is owned by one or more natural persons duly licensed to practice
architecture in this state, and the holding company is the direct owner of the
stock of such professional architectural corporation.

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