La. Corporations and Associations § 12:601

Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
Section 12:601 - Person in whose name certificate stands regarded as legal owner

The person, firm, or corporation, in whose name a certificate representing shares of stock stands, or to whom a certificate is endorsed, whether in full or in blank, and who has possession of said certificate, shall be regarded as the legal owner. The legal owner has full power to pledge, sell or otherwise dispose of said stock. No person, corporation, firm or transfer agent shall be responsible to any one claiming any interest in, or ownership of, said shares, or any part thereof, by virtue of any undisclosed or latent legal or conventional title or interest therein.

La. Corporations and Associations § 12:601

Renumbered from R.S.1950, §12:501 by Acts 1968, No. 105, §3, eff. Jan. 1, 1969.
Renumbered from R.S.1950, §12:501 by Acts 1968, No. 105, §3, eff. 1/1/1969.