Louisiana § 12:1116 Liability of incorporators, subscribers, shareholders, directors,

Louisiana Statutes

§ 12:1116 — Liability of incorporators, subscribers, shareholders, directors,

Louisiana·Title 12 Conservation of Cultural Resources

§1116. Liability of incorporators, subscribers, shareholders, directors, officers, or agents

A.A subscriber to or holder of shares in a professional optometry corporation shall be under no liability to the corporation with respect to such shares, other than the obligation of complying with the terms of the subscription therefor, and said obligation shall continue whether or not his rights or shares have been assigned or transferred.

B.A shareholder shall not be personally liable for any debt or liability of the corporation.

C.Nothing in this Chapter shall be construed as in derogation of any rights which any person may by law have against an incorporator, subscriber, shareholder, director, officer, or agent of the corporation, because of any fraud practiced upon him, or because of any b

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§1116. Liability of incorporators, subscribers, shareholders, directors,
officers, or agents
A. A subscriber to or holder of shares in a professional optometry
corporation shall be under no liability to the corporation with respect to such
shares, other than the obligation of complying with the terms of the
subscription therefor, and said obligation shall continue whether or not his
rights or shares have been assigned or transferred.
B. A shareholder shall not be personally liable for any debt or liability
of the corporation.
C. Nothing in this Chapter shall be construed as in derogation of any
rights which any person may by law have against an incorporator, subscriber,
shareholder, director, officer, or agent of the corporation, because of any fraud
practiced upon him, or because of any breach of professional duty or other
neglect or wrongful act, by such person or in derogation of any right which the
corporation may have against any of such persons because of any fraud
practiced upon it by him.

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