How to Dissolve an HOA in Louisiana

Question:

What is the pecentage of vote needed to dissolve an HOA in St Tammany Parish, Louisiana?

– Eddie

 

Answer:

Hi Eddie,

For HOAs under the Louisiana Business Corporations Act, Section 1-1402(e) states: “Unless the articles of incorporation or the board of directors acting pursuant to Subsection C of this Section require a greater vote or a vote by voting groups, adoption of the proposal to dissolve shall require the approval of at least a majority of the votes entitled to be cast.”

For HOAs under the Louisiana Nonprofit Corporations Act, Section 12:250(a) states: “A voluntary proceeding for dissolution may be commenced upon authorization by the members, or, if there are no members, by all of the incorporators. Such authorization by the members may be given only by two-thirds in interest of the voting members present, or by such larger vote (including the approval of members of other classes or series) as the articles may require, at an annual or special meeting the notice of which set forth consideration of the proposed dissolution as a purpose of the meeting.”

That said, you should also check your association’s governing documents for the requirements for dissolution.

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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