Section 12:266 - Scope of ChapterThis Chapter does not apply to:
(1) Any corporation organized for any purpose involving pecuniary profit or gain to its shareholders or members, or which pays dividends or similar pecuniary remuneration;(2) Co-operative marketing or credit associations or corporations organized under the provisions of Title 3;(3) Any corporation transacting any type of insurance business; or(4) Foreign corporations, whether business or nonprofit, except where reference is made to such corporations.La. Corporations and Associations § 12:266