Usufruct
R.S. 12:220

Reduction of membership below stated number ACTIVE

Whenever the membership of a corporation having a stated number of members is reduced below that number, the corporation shall not on that account be dissolved. It shall be lawful for the surviving or continuing members to continue the corporate existence, unless otherwise provided in the articles or by-laws.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

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History

  • enactment Acts 1968, No. 105, §1

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Cite R.S. 12:220

Bluebook
La. Rev. Stat. Ann. § 12:220 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-220
BibTeX
@misc{larevstat-12-220,
  title        = {La. Rev. Stat. Ann. § 12:220},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-220},
  note         = {Snapshot 2026-05-22}
}