Louisiana Revised Statutes & Codes

La. Rev. Stat. § 12:151 (2026)

PART XV. RECEIVERS

✓ current as of May 2026

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PART XV. RECEIVERS

§151. Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

Acts 1968, No. 105, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

Notes of Decisions

Cited in 24 cases, 1971–2008 · leading case: State v. Twin Cities Mem'l Gardens, Inc., 997 So. 2d 16 (La. Ct. App. 2008).

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State v. Twin Cities Mem'l Gardens, Inc., 997 So. 2d 16 (La. Ct. App. 2008). · cites it 8× “R.S. 12:151 A(1)-(6); LCB does not qualify.”

Judson v. Davis, 916 So. 2d 1106 (La. Ct. App. 2005). “12:163(B); or (9) (a) A receiver has been appointed under R.S. 12:151 to take charge of the corporation's property, and either (b) there is no reasonable prospect of return of control of the corporation to its shareholders within a reasonable time or (c) the business of the…”

Clement v. McNabb, 580 So. 2d 981 (La. Ct. App. 1991). · cites it 4× “R.S. 12:151 A; Bunn v. O.L. Bunn, Inc., 341 So.”

Fincher v. Claiborne Butane Co., Inc., 349 So. 2d 1014 (La. Ct. App. 1977). · cites it 3× “Plaintiff's demand is founded upon R.S. 12:151, which states in part: "A. The court may .”

In The Matter Of First Colonial Corp. Of Am., 693 F.2d 447 (1st Cir. 1982). · cites it 2× “R.S. 12:151 C. Justice Fournet's involvement was essentially passive and he was never confirmed as receiver under La.”

Kaufman & Enzer Jt. v. v. BETHLAN PROD. CORP., 459 So. 2d 60 (La. Ct. App. 1984). · cites it 2× “[1] However, the only statutory basis for a corporate receivership which is germane to this appeal is contained in Subsection 151(A)(1). This subsection states that: A.”

Bordelon v. Cochrane, 533 So. 2d 82 (La. Ct. App. 1988). “Bordelon further sought the appointment of a receiver pursuant to LSA-R.S. 12:151 because his rights as a minority shareholder were violated and his interest endangered.”

Fireplace Shop, Inc. v. Fireplace Shop of Lafayette, Inc., 400 So. 2d 702 (La. Ct. App. 1981). · cites it 2× “Defendant next claims the court had no legal basis for putting the Fireplace Shop of Lafayette into receivership. [1] The evidence reveals defendant made full use of plaintiff's expertise, time and credit for the benefit of the Fireplace Shop of Lafayette for three years while…”

Foreman v. Hines, 314 So. 2d 460 (La. Ct. App. 1975). · cites it 4× “The attempt to institute receivership proceedings pursuant to LSA-R.S. 12:151 et seq. by means of a third-party demand against the corporation in response to plaintiffs' quo warranto proceeding cannot be reconciled with C.”

Allen v. Royale 16, Inc., 449 So. 2d 1365 (La. Ct. App. 1984). · cites it 2× “APPOINTMENT OF A RECEIVER In the alternative, plaintiff requests appointment of a receiver pursuant to LSA-R.S. 12:151 which provides in part: A.”

Stevens v. Bd. of Trs. of Police Pension Fund of City of Shreveport, 309 So. 2d 144 (La. 1975). “R.S. 12:151; and, in the second instance, the concursus procedure of this State is broad enough to provide the necessary remedy.”

Dupuy v. Riley, 492 So. 2d 215 (La. Ct. App. 1986). · cites it 5× “R.S. 12:151 provides in pertient part that: A.”

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— La. Rev. Stat. § 12:151(A) — 1 case

Kaufman & Enzer Jt. v. v. BETHLAN PROD. CORP., 459 So. 2d 60 (La. Ct. App. 1984). “[1] However, the only statutory basis for a corporate receivership which is germane to this appeal is contained in Subsection 151(A)(1). This subsection states that: A.”

— La. Rev. Stat. § 12:151(A)(1) — 3 cases

Thornton ex rel. Laneco Constr. Sys., Inc. v. Lanehart, 723 So. 2d 1118 (La. Ct. App. 1998).

Delano Plantation, Inc. v. Lowery, 770 So. 2d 798 (La. Ct. App. 2000).

Thornton Ex Rel. Laneco Const. v. Lanehart, 723 So. 2d 1118 (La. Ct. App. 1998).

— La. Rev. Stat. § 12:151(C) — 2 cases

Dupuy v. Riley, 492 So. 2d 215 (La. Ct. App. 1986). “R.S. 12:151 provides in pertient part that: A.”

Ernst Cafe, Inc. v. Landry, 966 So. 2d 1080 (La. Ct. App. 2007).

— La. Rev. Stat. § 12:151(D) — 4 cases

Fincher v. Claiborne Butane Co., Inc., 349 So. 2d 1014 (La. Ct. App. 1977). “Plaintiff's demand is founded upon R.S. 12:151, which states in part: "A. The court may .”

Dupuy v. Riley, 492 So. 2d 215 (La. Ct. App. 1986). “R.S. 12:151 provides in pertient part that: A.”

Allen v. Royale 16, Inc., 449 So. 2d 1365 (La. Ct. App. 1984). “APPOINTMENT OF A RECEIVER In the alternative, plaintiff requests appointment of a receiver pursuant to LSA-R.S. 12:151 which provides in part: A.”

Ernst Cafe, Inc. v. Landry, 966 So. 2d 1080 (La. Ct. App. 2007).

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