A corporation which is not permitted to distribute its net assets to its members upon dissolution may be organized either on a stock basis or on a non-stock basis.
R.S. 12:209 active rs title
Corporations not required to be non-stock corporations ACTIVE
Actions
References
None.
Cited by
History
- enactment Acts 1968, No. 105, §1
- amendment Acts 1987, No. 294, §1, eff. July 5, 1987