Louisiana § RS 46:1098.16 - Minority partner
Full text of Louisiana Louisiana Civil Code § RS 46:1098.16 — Minority partner, with citation guidance and answers to common questions.
§ RS 46:1098.16. Minority partner
Only in the event that Slidell Memorial Hospital should acquire a minority partner with a share of less than fifty percent of the assets of the hospital, shall the board of commissioners be empowered to allow representation of the minority partner on the board.
(1) By a two-thirds vote of the board of commissioners, the size of the board may be increased by not more than two members in order to allow for representation of a minority shareholder on the board.
(2) Such board members shall be appointed by the minority shareholder to serve initial terms of one year and two years respectively.
(3) Subsequently, these appointees of the minority shareholder shall serve full four-year terms.
(4) No other restrictions or qualifications shall apply to board members appointed by a minority shareholder, except with regard to term limitations contained herein.
Acts 2020, No. 365, §1, eff. June 12, 2020.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 46:1098.16
What does Louisiana Civil Code § RS 46:1098.16 cover?
Section RS 46:1098.16 ("Minority partner") 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 46:1098.16?
A common citation format is "Louisiana Civil Code § RS 46:1098.16" (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 46:1098.16 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.