Louisiana Statutes
§ 12:209 — Corporations not required to be non-stock corporations
Louisiana·Title 12 Conservation of Cultural Resources
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.
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Legislative History
Acts 1968, No. 105, §1; Acts 1987, No. 294, §1, eff. July 5, 1987.
Nearby Sections
15
§ 12:201
§ 12:201§ 12:202
Incorporation§ 12:202.1
Limitation on formation; exceptions§ 12:203
Articles of incorporation§ 12:204
Corporate name§ 12:204.1
Corporate name restrictions§ 12:204.2
Naming of certain nonprofit corporations§ 12:205.1
Annual report to secretary of state§ 12:207
General powers§ 12:208
Defense of ultra vires