Louisiana Revised Statutes 12:499.10 – Termination of proprietary leases
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Terms Used In Louisiana Revised Statutes 12:499.10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A cooperative housing corporation shall terminate all of its proprietary leases, only by agreement of proprietary lessees holding at least eighty percent of its stock or any larger percentage specified in the articles or by-laws.
Acts 1990, No. 857, §1.