2006 Louisiana RS 22:40 — Business corporation law governs when insurance code silent
§40. Business Corporation Law governs when Insurance Code silent
The provisions of the Louisiana Business Corporation Law, as provided in R.S. 12:1 through R.S. 12:178, and other provisions of said Title 12 relative to business corporations, shall apply to the regulation of the business and the conduct of the affairs of any domestic insurer which has been incorporated pursuant to the provisions of Parts II and III of Title 22 of the Louisiana Revised Statutes, in those situations in which the provisions of said Title 22 are silent. If a conflict exists between the provisions of said Title 22 and said provisions of Title 12, the provisions of the Louisiana Insurance Code shall govern.
Added by Acts 1981, No. 715, §1.
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