yourstate.us
Home / Louisiana / Corporations and Associations
La. Rev. Stat. § 12:499.5

Articles of organization

Louisiana · Louisiana Revised Statutes Title 12 — Corporations and Associations · Status: effective

Get this as JSONEmbed this
Cite this
Citation
La. Rev. Stat. § 12:499.5, Articles of organization, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2693154
Permanent ID
ys:prov:2693154@1
SHA-256
9fa1ae147557b50d6f7b2bf7c911f615f4173570215c7709c65ae7a3bd3a1ff7

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Three or more persons who are residents of this state, may organize a cooperative housing corporation by filing articles of organization with the secretary of state. The articles shall meet the requirements of Chapter 2 of this Title, and in addition, shall state the following: (1) Whether transfer of corporation stock is restricted. (2) Whether or not the corporation shall be authorized to pay dividends on its stock, but no cooperative housing corporation shall pay a dividend of more than six percent, noncumulative, upon its stock. (3) Whether the transfer value of corporation stock is restricted.