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Code · Louisiana · Title 12 — Corporations and Associations

RS 12:985.1

130 words·~1 min read·/la/title-12/12-588

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RS 12:985.1
§985.1. Members
There shall be only one class of limited liability company members with membership interest therein, all of which interest shall be owned by a natural person duly licensed to practice dentistry in this state and who holds his membership in his own right or as a professional dental corporation, who shall be entitled to vote such membership interest and to participate in the limited liability company earnings. Any other membership interest holders shall have no voting rights for any purpose whatsoever, should not participate in the limited liability company's earnings, and shall have no access to any records or communications pertaining to dental services rendered by, or any other affairs of, the limited liability company, except as provided in R.S. 12:993(B).
Acts 1995, No. 488, §1.
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