yourstate.us
Home / Louisiana / Corporations and Associations
La. Rev. Stat. § 12:965

Dissolution; distribution of assets

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

Get this as JSONEmbed this
Cite this
Citation
La. Rev. Stat. § 12:965, Dissolution; distribution of assets, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2693237
Permanent ID
ys:prov:2693237@1
SHA-256
f569106ef9b0d1988858828083fe6928610fff8fca4d7934323a9267a7bed8eb

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

The corporation may be dissolved upon the affirmative vote of two-thirds of the votes to which the stockholders shall be entitled and two-thirds of the votes to which the members shall be entitled. Upon any dissolution of the corporation, none of the corporation's assets shall be distributed to the stockholders until all sums due the members who are also creditors of the corporation have been paid in full.