La. Code Civ. Proc. art. 616
This is the official text of La. Code Civ. Proc. art. 616, part of Louisiana’s Code of Civil Procedure — sets the procedural rules for civil lawsuits in Louisiana courts.
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Shareholder's derivative action when not impracticable to join all shareholders, partners, or members
Official statutory text
A. When it is not impracticable for all of the shareholders, partners, or members of a corporation or unincorporated association to join or to be joined as parties to a derivative action to enforce a right of the corporation or unincorporated association which it refuses to enforce, such action shall not be maintained as a class action. Instead, all of the shareholders, partners, or members who refuse or fail to join as plaintiffs in such an action shall be joined as defendants.
B. Derivative actions governed by this Article shall be subject to Articles 614 and 615.
Acts 1997, No. 839, ยง1, eff. July 1, 1997.
B. Derivative actions governed by this Article shall be subject to Articles 614 and 615.
Acts 1997, No. 839, ยง1, eff. July 1, 1997.
Status: in_force · Read it on the official government site
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