Louisiana Statutes

§ 22:92 — Preferred stock

Louisiana·Title 22 Insurance
Notwithstanding any other law to the contrary, preferred stock or any other stock without voting rights may be authorized for issuance at any time in the future. Prior approval for the authorization of such stock shall be obtained from the commissioner and the commissioner shall have the right to revoke such authority for good cause. Such stock shall be fully paid at the time of issuance.

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Related

In Re Bordelon
443 B.R. 725 (M.D. Louisiana, 2011)

Legislative History

Acts 1988, No. 159, §1; Redesignated from R.S. 22:80 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.

Nearby Sections

15
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