RS 12:1075 Shares - Louisiana Statutes

§1075.  Shares

A.  There shall be only one class of shares of professional nursing corporations, denominated common shares which shall be either with or without par value.  

B.  A shareholder who is a natural person duly licensed to practice nursing in this state, and who holds his shares in his own right, shall be entitled to vote his shares, and to participate in the corporation's earnings.  Any other shareholder shall have no voting rights for any purpose whatever, shall not participate in the corporation's earnings, and shall have no access to any records or communications pertaining to nursing services rendered by or any other affairs of, the corporation, except as provided in R.S. 12:1083(B).  

C.  R.S. 12:33 shall not apply to professional nursing corporations.

Added by Acts 1977, No. 730, §1.