Louisiana Revised Statutes 12:1175 – Shareholders’ agreements
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Terms Used In Louisiana Revised Statutes 12:1175
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Any lawful provision regulating the affairs of an architectural-engineering corporation or the rights and liabilities of its shareholders, which is not required to be set forth in the articles of incorporation, may be set forth in an agreement among all of the shareholders.
Added by Acts 1983, No. 465, §1, eff. July 6, 1983.