Louisiana § 12:499.5 Articles of organization

Louisiana Statutes

§ 12:499.5 — Articles of organization

Louisiana § 12:499.5

Title 12Conservation of Cultural Resources

This text of Louisiana § 12:499.5 (Articles of organization) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 12:499.5 (2026).

Text

Three or more persons who are residents of this state, may organize a cooperative housing corporation by filing articles of organization with the secretary of state. The articles shall meet the requirements of Chapter 2 of this Title, and in addition, shall state the following:

(1)Whether transfer of corporation stock is restricted.

(2)Whether or not the corporation shall be authorized to pay dividends on its stock, but no cooperative housing corporation shall pay a dividend of more than six percent, noncumulative, upon its stock.

(3)Whether the transfer value of corporation stock is restricted.

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Three or more persons who are residents of this state, may organize a cooperative housing corporation by filing articles of organization with the secretary of state. The articles shall meet the requirements of Chapter 2 of this Title, and in addition, shall state the following:
(1) Whether transfer of corporation stock is restricted.
(2) Whether or not the corporation shall be authorized to pay dividends on its stock, but no cooperative housing corporation shall pay a dividend of more than six percent, noncumulative, upon its stock.
(3) Whether the transfer value of corporation stock is restricted.