Usufruct
R.S. 12:1075

Shares ACTIVE

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

B. A shareholder who is a natural person duly licensed to practice nursing 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 whatever, shall not participate in the corporation's earnings, and shall have no access to any records or communications pertaining to nursing services rendered by or any other affairs of, the corporation, except as provided in R.S. 12:1083(B).

C. R.S. 12:33 shall not apply to professional nursing corporations.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1977, No. 730, §1

Section navigation

Cite R.S. 12:1075

Bluebook
La. Rev. Stat. Ann. § 12:1075 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-1075
BibTeX
@misc{larevstat-12-1075,
  title        = {La. Rev. Stat. Ann. § 12:1075},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-1075},
  note         = {Snapshot 2026-05-22}
}