Usufruct
R.S. 12:1055

Shares ACTIVE

A. There shall be only one class of shares of a professional chiropractic corporation, denominated common shares which shall be either with or without par value.

B. A shareholder who is a natural person duly licensed to practice chiropractic in this state, and who holds his shares in his own right, shall be entitled to vote his shares, and to participate in the corporation's earnings. Any other shareholder shall have no voting rights for any purpose directly related to the practice of chiropractic by the corporation.

C. R.S. 12:78 shall not apply to professional chiropractic corporations.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1976, No. 686, §1

Section navigation

Cite R.S. 12:1055

Bluebook
La. Rev. Stat. Ann. § 12:1055 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-1055
BibTeX
@misc{larevstat-12-1055,
  title        = {La. Rev. Stat. Ann. § 12:1055},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-1055},
  note         = {Snapshot 2026-05-22}
}