---
urn: urn:us-la:rs:12:1060
citation: "R.S. 12:1060"
status: active
breadcrumb: "Title 12 › Chapter 14"
acts_citations:
  - { year: 1976, number: 686, section: 1, effective_date: null, role: enactment }
---

# 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.