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Code · Louisiana · Title 12 — Corporations and Associations

RS 12:1060

47 words·~1 min read·/la/title-12/12-32

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RS 12:1060
§1060. Directors
Only shareholders may be directors. If there are fewer than three shareholders, there need be only as many directors as shareholders. The office of a director shall become vacant if he ceases to be a shareholder.
Added by Acts 1976, No. 686, §1.
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