Louisiana Statutes
§ 6:292 — Directors or stockholders not participating in unlawful act
Louisiana § 6:292
JurisdictionLouisiana
Title 6Banks and Banking
This text of Louisiana § 6:292 (Directors or stockholders not participating in unlawful act) 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. § 6:292 (2026).
Text
A director or stockholder shall not be liable for the commission of a prohibited act if he was absent from the meeting of directors or stockholders, as the case may be, at which the action was authorized or if he was present or represented at such meeting and his dissent therefrom was either noted in the minutes of the meeting or filed promptly thereafter with the secretary of the board.
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Related
Morris v. People's Bank & Trust Co.
580 So. 2d 1029 (Louisiana Court of Appeal, 1991)
Legislative History
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
Nearby Sections
15
§ 6:2
General definitions§ 6:201
§ 6:201§ 6:211
§ 6:211§ 6:212
Corporate name§ 6:219
Bylaws§ 6:220
Stockholders' agreements§ 6:231
§ 6:231§ 6:233
Restatement of articlesCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 6:292, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/6%3A292.