Louisiana Revised Statutes 12:1016 – Certificate of stock
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Terms Used In Louisiana Revised Statutes 12:1016
- 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. Each certificate of stock shall contain the corporation‘s full name.
B. Each certificate of stock shall contain reference to any and all agreements among the corporation’s voting shareholders made pursuant to La. Rev. Stat. 12:1019.
C. There shall be no provision for compulsory offer of shares for purchases by or sale to the corporation, and, except as provided in La. Rev. Stat. 12:71, no restriction upon the transfer of shares, unless, in either event, such provision or restriction is stated or summarized on the certificate representing the shares.
Added by Acts 1970, No. 191, §1; Acts 2000, 1st Ex. Sess., No. 30, §1, eff. April 14, 2000.