Louisiana § 12:1825 Right of action

Louisiana Statutes

§ 12:1825 — Right of action

Louisiana·Title 12 Conservation of Cultural Resources

A. The duties of directors and officers under this Chapter and the general public benefit purpose and any specific public benefit purpose of a benefit corporation may be enforced only in accordance with this Section in a benefit enforcement proceeding, and no person shall bring an action or assert a claim against a benefit corporation. B. A benefit enforcement proceeding shall be commenced or maintained only directly by the benefit corporation or derivatively by one of the following parties:

(1)A shareholder.

(2)A benefit director.

(3)Other persons as specified in the articles or bylaws of the benefit corporation.

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A. The duties of directors and officers under this Chapter and the general public benefit purpose and any specific public benefit purpose of a benefit corporation may be enforced only in accordance with this Section in a benefit enforcement proceeding, and no person shall bring an action or assert a claim against a benefit corporation.
B. A benefit enforcement proceeding shall be commenced or maintained only directly by the benefit corporation or derivatively by one of the following parties:
(1) A shareholder.
(2) A benefit director.
(3) Other persons as specified in the articles or bylaws of the benefit corporation.

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