RS 12:220 Reduction of membership below stated number - Louisiana Statutes

§220.  Reduction of membership below stated number

Whenever the membership of a corporation having a stated number of members is reduced below that number, the corporation shall not on that account be dissolved.  It shall be lawful for the surviving or continuing members to continue the corporate existence, unless otherwise provided in the articles or by-laws.  

Acts 1968, No. 105, §1.