La. Corporations and Associations § 12:516

Current with changes from the 2024 Legislative Session
Section 12:516 - Disposition of assets

The net assets of the unincorporated nonprofit association shall be disposed of in the same manner as the net assets of a religious or charitable nonprofit corporation, as set forth in R.S. 12:249. Preference shall be accorded to state or local chapters, branches, or lodges of the same association, and then to associations or nonprofit corporations which were affiliated with the dissolved association, unless the articles or bylaws of the association expressly authorize some other disposition of its assets upon dissolution.

La. Corporations and Associations § 12:516

Acts 2008, No. 877, §1.
Acts 2008, No. 877, §1.