Louisiana Statutes
§ 12:965 — Dissolution; distribution of assets
Louisiana·Title 12 Conservation of Cultural Resources
The corporation may be dissolved upon the affirmative vote of two-thirds of the votes to which the stockholders shall be entitled and two-thirds of the votes to which the members shall be entitled. Upon any dissolution of the corporation, none of the corporation's assets shall be distributed to the stockholders until all sums due the members who are also creditors of the corporation have been paid in full.
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Legislative History
Acts 1969, No. 49, §15; Acts 2003, No. 292, §1.
Nearby Sections
15
§ 12:901
§ 12:901§ 12:902
Professional corporations§ 12:903
The corporate name§ 12:904
Corporate authority§ 12:905
Shares§ 12:906
Certificate of stock§ 12:908
Action of shareholders§ 12:909
Shareholders' agreements§ 12:91
§ 12:91§ 12:910
Directors§ 12:911
Officers and agents§ 12:912
Merger and consolidation§ 12:913
Dissolution