§ 22:193 — Articles of incorporation

Louisiana § 22:193

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

A. Articles of incorporation shall be executed by authentic act signed by each of the incorporators, or by his agent duly authorized by authentic act, which authorization shall be attached to the articles of incorporation, and shall state:
(1) The name of the association.
(2) That it is formed for the purposes of establishing, maintaining, and operating a nonprofit funeral service plan.
(3) Its duration.
(4) The location and post office address of its principal office.
(5) The full names and post office addresses of officers designated by it for service of process.
(6) The number, terms of office, and manner of election of directors and officers and the names and post office addresses and respective titles of the first officers.
(7) Provisions for meetings at least annually of the policyholders.
B. In addition to the information specified in Subsection A of this Section, the articles may contain any provision creating, defining, dividing, limiting, or regulating the powers of the directors, officers, or policyholders or any other provisions not inconsistent with this Subpart or the laws of this state for the carrying out of the purposes and the conduct of the affairs of the association.
NOTE: Former R.S. 22:193 redesignated as R.S. 22:1795 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

Legislative History

Acts 1958, No. 125; Redesignated from R.S. 22:333 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.