Louisiana § RS 12:1055 - Shares
Full text of Louisiana Louisiana Civil Code § RS 12:1055 — Shares, with citation guidance and answers to common questions.
§ RS 12:1055. Shares
A. There shall be only one class of shares of a professional chiropractic corporation, denominated common shares which shall be either with or without par value.
B. A shareholder who is a natural person duly licensed to practice chiropractic in this state, and who holds his shares in his own right, shall be entitled to vote his shares, and to participate in the corporation's earnings. Any other shareholder shall have no voting rights for any purpose directly related to the practice of chiropractic by the corporation.
C. R.S. 12:78 shall not apply to professional chiropractic corporations.
Added by Acts 1976, No. 686, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 12:1055
What does Louisiana Civil Code § RS 12:1055 cover?
Section RS 12:1055 ("Shares") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 12:1055?
A common citation format is "Louisiana Civil Code § RS 12:1055" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 12:1055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.