Louisiana Statutes
§ 40:600.97 — Liability of directors, officers, or employees of the corporation
Louisiana § 40:600.97
JurisdictionLouisiana
Title 40Public Health and Safety
This text of Louisiana § 40:600.97 (Liability of directors, officers, or employees of the corporation) 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. § 40:600.97 (2026).
Text
The directors, officers, or employees of the corporation, or any other person executing the bonds of the corporation shall not be personally liable on the bonds or be subject to any personal liability or accountability by reason of the issuance, sale, or delivery thereof while acting within the scope of their authority.
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Legislative History
Acts 2011, No. 408, §1, eff. July 5, 2011.
Nearby Sections
15
§ 40:600.1
§ 40:600.1§ 40:600.100
Exemption from taxes§ 40:600.101
Covenant of state§ 40:600.102
Trust funds§ 40:600.104
Accounts and audits§ 40:600.105
Cooperation of state agencies§ 40:600.106
Suits to determine validity of bonds§ 40:600.107
State appropriations or grants§ 40:600.108
Termination of corporation§ 40:600.109
Construction of Chapter§ 40:600.110
Fees§ 40:600.111
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Bluebook (online)
Louisiana § 40:600.97, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/40%3A600.97.