Louisiana Statutes
§ 12:220 — Reduction of membership below stated number
Louisiana·Title 12 Conservation of Cultural Resources
Whenever the membership of a corporation having a stated number of members is reduced below that number, the corporation shall not on that account be dissolved. It shall be lawful for the surviving or continuing members to continue the corporate existence, unless otherwise provided in the articles or by-laws.
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Legislative History
Acts 1968, No. 105, §1.
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