{
  "urn": "urn:us-la:rs:12:209",
  "title_number": "12",
  "section_number": "209",
  "citation": "R.S. 12:209",
  "heading": "Corporations not required to be non-stock corporations",
  "text": "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.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "12",
      "name": "CORPORATIONS AND ASSOCIATIONS"
    },
    {
      "level": "chapter",
      "number": "2",
      "name": "NONPROFIT CORPORATION LAW"
    }
  ],
  "breadcrumb": "Title 12 › Chapter 2",
  "acts_citations": [
    {
      "act_year": 1968,
      "act_number": 105,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 1987,
      "act_number": 294,
      "section": 1,
      "effective_date": "1987-07-05",
      "effective_date_raw": "July 5, 1987",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1968, No. 105, §1; Acts 1987, No. 294, §1, eff. July 5, 1987.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=76396",
  "website_law_id": 76396,
  "scrape_timestamp": "2026-05-22T21:48:55Z",
  "source_html_hash": "sha256:3f9eeb6ced26a1e14dfcb7d180096469b5da277b696d1e8ccafeb9b34ca4bf7d",
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