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Current as of January 01, 2023 | Updated by Findlaw Staff
A. The duties of directors and officers under this Chapter and the general public benefit purpose and any specific public benefit purpose of a benefit corporation may be enforced only in accordance with this Section in a benefit enforcement proceeding, and no person shall bring an action or assert a claim against a benefit corporation.
B. A benefit enforcement proceeding shall be commenced or maintained only directly by the benefit corporation or derivatively by one of the following parties:
(1) A shareholder.
(2) A benefit director.
(3) Other persons as specified in the articles or bylaws of the benefit corporation.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 12, § 1825. Right of action - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-12-sect-1825/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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