{"data":{"id":"us-la/rs-12-1060","jurisdiction":"us-la","citation":"RS 12:1060","heading":"Directors","body":"Only shareholders may be directors. If there are fewer than three shareholders, there need be only as many directors as shareholders. The office of a director shall become vacant if he ceases to be a shareholder.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76129","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:09Z","sha256":"db92ef96ad6277f31b43ec6f06dde6d728e6cc3bc5edded5a5e67b60dcb8b8e0","source_id":"us-la","stale":false,"prev":"us-la/rs-12-1059","next":"us-la/rs-12-1061"},"notice":"GroundRules: Original legal text. Not legal advice."}