Usufruct
R.S. 12:1090

Shares ACTIVE

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

B. A majority of the outstanding shares of a professional architectural corporation shall be held by one or more natural persons duly licensed to practice architecture in this state, holding his shares in his own right.

C. The requirement of Subsection B of this Section may be met if such shares are held or owned by a holding company, a majority of the stock of which is owned by one or more natural persons duly licensed to practice architecture in this state, and the holding company is the direct owner of the stock of such professional architectural corporation.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

History

  • enactment Acts 1979, No. 225, §1, eff. July 9, 1979

Section navigation

Cite R.S. 12:1090

Bluebook
La. Rev. Stat. Ann. § 12:1090 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-1090
BibTeX
@misc{larevstat-12-1090,
  title        = {La. Rev. Stat. Ann. § 12:1090},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-1090},
  note         = {Snapshot 2026-05-22}
}