---
urn: urn:us-la:rs:12:810
citation: "R.S. 12:810"
status: active
breadcrumb: "Title 12 › Chapter 8"
acts_citations:
  - { year: 1964, number: 354, section: 1, effective_date: null, role: enactment }
  - { year: 1968, number: 105, section: 3, effective_date: 1969-01-01, role: amendment }
---

# Directors

Only voting shareholders may be directors. If there are fewer than three voting shareholders, there need be only as many directors as voting shareholders. The office of a director shall become vacant if he ceases to be a voting shareholder.