Title 12, Corporations and Associations
0 chapters · 924 sections in this title.
La. Rev. Stat. § 12:970 Fiscal year
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§970. Fiscal year Corporations organized under this Chapter shall adopt the calendar year as their fiscal year. Acts 1969, No. 49, §20.
La. Rev. Stat. § 12:971 Applicability of Louisiana business corporation law
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§971. Applicability of Louisiana business corporation law The corporation shall be subject to all of the provisions of Chapter 1 of this Title, as amended from time to time, except to the extent that such provisions are inconsistent with the provisions of this Chapter. Acts 1984,…
La. Rev. Stat. § 12:972 Savings clause
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§972. Savings clause Nothing herein contained shall be interpreted or construed as disapproving any act, action, or conduct which is or has been or may be in accordance with existing law, prior to amendment, nor shall anything herein contained be interpreted or construed as appro…
La. Rev. Stat. § 12:981 Terms defined
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§981. Terms defined As used in this Chapter: A. "Professional dental corporation" means a corporation organized pursuant to this Chapter for the practice of dentistry. B. "Professional dental limited liability company" means a limited liability company organized pursuant to this …
La. Rev. Stat. § 12:982 Professional corporations
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§982. Professional corporations One or more natural persons of full age and duly licensed to practice dentistry in this state may form a corporation under Chapter 1 of this Title for the purpose of practicing dentistry. Such corporations shall be subject to all of the provisions …
La. Rev. Stat. § 12:982.1 Professional limited liability companies
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§982.1. Professional limited liability companies One or more natural persons of full age and duly licensed to practice dentistry in this state may form a limited liability company under Chapter 22 of this Title for the purpose of practicing dentistry. Such limited liability compa…
La. Rev. Stat. § 12:983 Corporate and limited liability company name
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§983. Corporate and limited liability company name A. The corporate name shall consist of the full name or names as used on the license to practice dentistry issued by the Louisiana State Board of Dentistry of one or more voting shareholders, may include "Limited" or "Ltd.", and …
La. Rev. Stat. § 12:984 Corporate and limited liability company authority
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§984. Corporate and limited liability company authority A professional dental corporation or limited liability company shall engage in no business other than the practice of dentistry, but may hold property for investment or in connection with its dental practice. Added by Acts 1…
La. Rev. Stat. § 12:985 Shares
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§985. Shares A. There shall be only one class of shares of professional dental corporations, denominated common shares, which shall be either with or without par value. B. Either a shareholder who is a natural person duly licensed to practice dentistry in this state, and who hold…
La. Rev. Stat. § 12:985.1 Members
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§985.1. Members There shall be only one class of limited liability company members with membership interest therein, all of which interest shall be owned by a natural person duly licensed to practice dentistry in this state and who holds his membership in his own right or as a pr…
La. Rev. Stat. § 12:986 Certificate of stock
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§986. Certificate of stock A. Each certificate of stock shall contain the corporation's full name, and the following statement: "Except when held in his own right by a natural person duly licensed to practice dentistry in the state of Louisiana or when held by another professiona…
La. Rev. Stat. § 12:986.1 Membership interest
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§986.1. Membership interest A membership interest in a dental limited liability company shall not be assignable in whole or part except to another natural person licensed to practice dentistry in this state or a professional dental corporation. Acts 1995, No. 488, §1.
La. Rev. Stat. § 12:987 Liability of incorporators, subscribers, shareholders, directors, officers and agents
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§987. Liability of incorporators, subscribers, shareholders, directors, officers and agents A. A subscriber to or holder of shares of a professional dental corporation shall be under no liability to the corporation with respect to such shares, other than the obligation of complyi…
La. Rev. Stat. § 12:987.1 Liability of holder of interest in a limited liability company
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§987.1. Liability of holder of interest in a limited liability company A holder of an interest in a limited liability company has the liability imposed by Chapter 22 of this Title. Nothing herein shall be construed as a derogation of any rights which any person may by law have ag…
La. Rev. Stat. § 12:988 Action of shareholders
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§988. Action of shareholders Any action by, or requiring the assent of, the shareholders of a professional dental corporation may be taken on the affirmative vote of a majority, or such greater proportion as the articles of incorporation may specify, in interest of the voting sha…
La. Rev. Stat. § 12:988.1 Action of holders of membership interest
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§988.1. Action of holders of membership interest Any action by, or requiring the assent of, the holders of a membership interest in a dental limited liability company may be taken on the affirmative vote of a majority, or such greater proportion as the dental limited liability co…
La. Rev. Stat. § 12:989 Shareholders' agreements
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§989. Shareholders' agreements A. Any lawful provision regulating the affairs of a professional dental 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…
La. Rev. Stat. § 12:989.1 Membership ownership agreements
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§989.1. Membership ownership agreements A. Any lawful provision regulating the affairs of a dental limited liability company or the rights and liabilities of the holders of a membership interest in the company, which is not required to be set forth in the articles of organization…
La. Rev. Stat. § 12:990 Directors
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§990. Directors Only voting shareholders, or voting shareholders of another professional dental corporation, may be directors. If there are fewer than three voting shareholders, there need be only as many directors as voting shareholders. The office of a director shall become vac…
La. Rev. Stat. § 12:991 Officers and agents
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§991. Officers and agents A. Only voting shareholders, or voting shareholders of another professional dental corporation, may be officers. If there is only one voting shareholder, all offices may be combined in his person. The office or offices held by an officer shall become vac…
La. Rev. Stat. § 12:992 Merger and consolidation
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§992. Merger and consolidation Professional dental corporations and limited liability companies may be merged into or consolidated only with other professional dental corporations and dental limited liability companies. Added by Acts 1970, No. 127, §1; Acts 1995, No. 488, §1.
La. Rev. Stat. § 12:993 Dissolution
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§993. Dissolution A. The fact that it has no voting shareholders shall be an additional ground for involuntary dissolution of a professional dental corporation. B. In the event of the death of a shareholder of a professional dental corporation, said shareholder's succession repre…
La. Rev. Stat. § 12:994 Regulation by Louisiana State Board of Dentistry
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§994. Regulation by Louisiana State Board of Dentistry Professional dental corporations and dental limited liability companies shall be subject to the discipline of the Louisiana State Board of Dentistry and to its authority to adopt rules and regulations governing the practice o…
La. Rev. Stat. § 12:995 Short title
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§995. Short title This Chapter shall be known and may be referred to by the short title "Professional Dental Corporations Law." Added by Acts 1970, No. 127, §1.