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Code · Louisiana · Title 12 — Corporations and Associations

RS 12:1119

51 words·~1 min read·/la/title-12/12-79

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RS 12:1119
§1119. 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.
Added by Acts 1980, No. 404, §1.
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