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Code · Louisiana · Title 12 — Corporations and Associations

RS 12:220

63 words·~1 min read·/la/title-12/12-307

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RS 12:220
§220. Reduction of membership below stated number
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.
Acts 1968, No. 105, §1.
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