Usufruct
R.S. 12:1825

Right of action ACTIVE

A. The duties of directors and officers under this Chapter and the general public benefit purpose and any specific public benefit purpose of a benefit corporation may be enforced only in accordance with this Section in a benefit enforcement proceeding, and no person shall bring an action or assert a claim against a benefit corporation.

B. A benefit enforcement proceeding shall be commenced or maintained only directly by the benefit corporation or derivatively by one of the following parties:

(1) A shareholder.

(2) A benefit director.

(3) Other persons as specified in the articles or bylaws of the benefit corporation.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 2012, No. 442, §1

Section navigation

Cite R.S. 12:1825

Bluebook
La. Rev. Stat. Ann. § 12:1825 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-1825
BibTeX
@misc{larevstat-12-1825,
  title        = {La. Rev. Stat. Ann. § 12:1825},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-1825},
  note         = {Snapshot 2026-05-22}
}