La. Corporations and Associations § 12:1119

Current with changes from the 2024 Legislative Session

Section 12:1119 - Directors

Only voting shareholders may be directors. If there are fewer than three voting shareholders, there need be only as many directors as voting shareholders. The office of a director shall become vacant if he ceases to be a voting shareholder.

La. Corporations and Associations § 12:1119

Added by Acts 1980, No. 404, §1.

Added by Acts 1980, No. 404, §1.