---
urn: urn:us-la:rs:12:209
citation: "R.S. 12:209"
status: active
breadcrumb: "Title 12 › Chapter 2"
acts_citations:
  - { year: 1968, number: 105, section: 1, effective_date: null, role: enactment }
  - { year: 1987, number: 294, section: 1, effective_date: 1987-07-05, role: amendment }
---

# Corporations not required to be non-stock corporations

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.