La. Rev. Stat. § 12:1825
Right of action
Louisiana · Louisiana Revised Statutes Title 12 — Corporations and Associations · Status: effective
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- Citation
- La. Rev. Stat. § 12:1825, Right of action, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2693517
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Full text
A. The duties of directors and officers under this Chapter and the general public benefit purpose and any specific public benefit purpose of a benefit corporation may be enforced only in accordance with this Section in a benefit enforcement proceeding, and no person shall bring an action or assert a claim against a benefit corporation.
B. A benefit enforcement proceeding shall be commenced or maintained only directly by the benefit corporation or derivatively by one of the following parties:
(1) A shareholder.
(2) A benefit director.
(3) Other persons as specified in the articles or bylaws of the benefit corporation.