{"data":{"id":"us-la/rs-12-209","jurisdiction":"us-la","citation":"RS 12:209","heading":"Corporations not required to be non-stock corporations","body":"A corporation which is not permitted to distribute its net assets to its members upon dissolution may be organized either on a stock basis or on a non-stock basis.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76396","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:59Z","sha256":"12c046c1fe9a7d1202df2e93038c5dec231f0f13423e0990af6c0844a24e54a1","source_id":"us-la","stale":false,"prev":"us-la/rs-12-208","next":"us-la/rs-12-210"},"notice":"GroundRules: Original legal text. Not legal advice."}