{"data":{"id":"us-la/rs-12-240","jurisdiction":"us-la","citation":"RS 12:240","heading":"Reclassification of stock","body":"A. In case of a reclassification of stock, the articles of amendment shall state:\n(1) The number of shares that have a par value and the par value thereof, and the number of shares that have no par value;\n(2) If the shares are divided into classes, a description of the classes, a statement of the number of shares in each class, the designation of each class, and a statement of the preferences, limitations and relative rights of the shares of each class; and\n(3) If shares are divided into series, the designation of each series and a statement of the variations in the relative rights and preferences.\nB. Following a reclassification of stock, the aggregate allocated value of the issued shares shall not exceed stated capital.","path":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=76433","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:00Z","sha256":"044f3e5393ebf94d2f158211101f669ccaf1e05971228925c5c93205d8dfbee3","source_id":"us-la","stale":false,"prev":"us-la/rs-12-239.1","next":"us-la/rs-12-241"},"notice":"GroundRules: Original legal text. Not legal advice."}