On October 12, 2020, the Louisiana Legislature passed Senate Bill 33 (SB 33) amending several provisions of the Louisiana Business Corporation Act (LBCA). Under SB 33, the board of directors of a Louisiana corporation may elect to call “virtual-only” shareholder meetings, may effect certain limited amendments to a corporation’s articles of incorporation without shareholder approval, and may effect certain mergers between parent and subsidiary corporations without board or shareholder approval at the subsidiary level. Continue reading >