Louisiana Revised Statutes 12:1137 – Action of shareholders
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 12:1137
- 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.
- Quorum: The number of legislators that must be present to do business.
Any action by, or requiring the assent of, the shareholders of a professional psychology corporation may be taken on the affirmative vote of majority (or such greater proportion as the articles of incorporation may specify) in interest of the voting shareholders present or represented at a meeting duly called and held on due notice at which a quorum is present or represented.
Added by Acts 1980, No. 523, §1.