La. Corporations and Associations § 12:1060

Current with operative changes from the 2024 Third Special Legislative Session
Section 12:1060 - Directors

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

La. Corporations and Associations § 12:1060

Added by Acts 1976, No. 686, §1.
Added by Acts 1976, No. 686, §1.