RS 12:1194 Shares - Louisiana Statutes

§1194.  Shares

A.  There shall be only one class of shares of a professional occupational therapy corporation, 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 occupational therapy in this state, and who holds his shares in his own right, or another professional occupational therapy corporation, shall be entitled to vote such 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 therapy services rendered by, or any other affairs of, the corporations, except as provided in R.S. 12:913(B).  

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

Acts 1990, No. 586, §1.