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La. Rev. Stat. § 12:52 (2026)

Repealed by Acts 2014, No. 328, §5, eff.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

✓ current as of May 2026
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§52.  Repealed by Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

Acts 1968, No. 105, §1.  Amended by Acts 1974, No. 436, §1; Acts 1997, No. 914, §1; Acts 2014, No. 328, §5, eff. Jan. 1, 2015.

Notes of Decisions
Cited in 21 cases, 1951–2020 · leading case: Hibernia Nat'l Bank v. Smith, 697 So. 2d 1051 (La. Ct. App. 1997).
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Hibernia Nat'l Bank v. Smith, 697 So. 2d 1051 (La. Ct. App. 1997). · cites it 10× “R.S. 12:52 C. Smith later filed a motion for summary judgment urging that the sale of stock for a promissory note is void ab initio as being against public policy and express provisions of the law.”
Foster v. Blackwell, 747 So. 2d 1203 (La. Ct. App. 1999). · cites it 9× “R.S. 12:52 and 12:72." They also contend Faye Blackwell's "capital call" stocks should be canceled because she breached a fiduciary duty owed to the shareholders when she failed to advise them that she obtained a loan from Calcasieu Marine National Bank and pledged corporate…”
Tedeton v. Tedeton, 87 So. 3d 914 (La. Ct. App. 2012). · cites it 2× “R.S. 12:52 provides in pertinent part: C.”
Prejean v. Commonwealth for Cmty. Change, Inc., 503 So. 2d 661 (La. Ct. App. 1987). · cites it 2× “R.S. 12:52). The record indicates that a share of Class A stock costs $1,000.”
Tedeton v. Tedeton, 137 So. 3d 686 (La. Ct. App. 2014). · cites it 10× “R.S. 12:52. Relevant to this dispute, Section 52 provides that (1) the consideration for no-par value shares of the corporation may be initially fixed by the incorporators, see La.”
Setliff v. Erma Adams, Inc., 931 So. 2d 1214 (La. Ct. App. 2006). · cites it 4× “R.S. 12:52, specifically subsection C. Louisiana Revised Statutes 12:52 states: A.”
Ogden v. Culpepper, 474 So. 2d 1346 (La. Ct. App. 1985). “PAYMENT BY INSTALLMENTS AFTER ISSUANCE OF STOCK Issuance of shares and payment of consideration is addressed by LSA-R.S. 12:52 which provides in part: A.”
Figueroa Int'l, Inc. v. Touby, 623 So. 2d 1354 (La. Ct. App. 1993). · cites it 2× “R.S. 12:52. Second, Touby asserts that there is no evidence that the stock falls within the ambit of R.”
Barnett v. Barnett Enter., Inc., 182 So. 2d 728 (La. Ct. App. 1966). · cites it 7× “pursuant to the right granted them under the provisions of LSA-R.S. 12:52 filed ten separate suits praying for judgments against the corporation for the fair cash value of their shares which they alleged to be $2,500.”
Kibodeaux v. Harrison, 640 So. 2d 503 (La. Ct. App. 1994). “Harrison was not entitled to shares of the corporation under LSA-R.S. 12:52(C). We note that the outcome would have been no different had Ms.”
Hotard v. Diabetes Self Mgmt. Ctr., Inc., 838 So. 2d 94 (La. Ct. App. 2003). “R.S. 12:52(0 provides that consideration shall be paid before shares are issued.”
Thornton ex rel. Laneco Constr. Sys., Inc. v. Lanehart, 723 So. 2d 1118 (La. Ct. App. 1998). “LSA-R.S. 12:52(A). Shareholders shall have only such preemptive rights as may be provided in the articles of incorporation.”
Show all 21 citing cases →
— La. Rev. Stat. § 12:52(A) — 3 cases
Thornton ex rel. Laneco Constr. Sys., Inc. v. Lanehart, 723 So. 2d 1118 (La. Ct. App. 1998). “LSA-R.S. 12:52(A). Shareholders shall have only such preemptive rights as may be provided in the articles of incorporation.”
Tedeton v. Tedeton, 137 So. 3d 686 (La. Ct. App. 2014). “R.S. 12:52. Relevant to this dispute, Section 52 provides that (1) the consideration for no-par value shares of the corporation may be initially fixed by the incorporators, see La.”
Thornton Ex Rel. Laneco Const. v. Lanehart, 723 So. 2d 1118 (La. Ct. App. 1998).
— La. Rev. Stat. § 12:52(B) — 1 case
Foster v. Blackwell, 747 So. 2d 1203 (La. Ct. App. 1999). “R.S. 12:52 and 12:72." They also contend Faye Blackwell's "capital call" stocks should be canceled because she breached a fiduciary duty owed to the shareholders when she failed to advise them that she obtained a loan from Calcasieu Marine National Bank and pledged corporate…”
— La. Rev. Stat. § 12:52(B)(5) — 1 case
Setliff v. Erma Adams, Inc., 931 So. 2d 1214 (La. Ct. App. 2006). “R.S. 12:52, specifically subsection C. Louisiana Revised Statutes 12:52 states: A.”
— La. Rev. Stat. § 12:52(C) — 6 cases
Tedeton v. Tedeton, 87 So. 3d 914 (La. Ct. App. 2012). “R.S. 12:52 provides in pertinent part: C.”
Prejean v. Commonwealth for Cmty. Change, Inc., 503 So. 2d 661 (La. Ct. App. 1987). “R.S. 12:52). The record indicates that a share of Class A stock costs $1,000.”
Tedeton v. Tedeton, 137 So. 3d 686 (La. Ct. App. 2014). “R.S. 12:52. Relevant to this dispute, Section 52 provides that (1) the consideration for no-par value shares of the corporation may be initially fixed by the incorporators, see La.”
Setliff v. Erma Adams, Inc., 931 So. 2d 1214 (La. Ct. App. 2006). “R.S. 12:52, specifically subsection C. Louisiana Revised Statutes 12:52 states: A.”
Kibodeaux v. Harrison, 640 So. 2d 503 (La. Ct. App. 1994). “Harrison was not entitled to shares of the corporation under LSA-R.S. 12:52(C). We note that the outcome would have been no different had Ms.”
— La. Rev. Stat. § 12:52(D) — 1 case
Tedeton v. Tedeton, 137 So. 3d 686 (La. Ct. App. 2014). “R.S. 12:52. Relevant to this dispute, Section 52 provides that (1) the consideration for no-par value shares of the corporation may be initially fixed by the incorporators, see La.”
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