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IN RE ISLANDER SHIPHOLDING, INC.

No. 97-CA-978.

715 So.2d 7 (1998)

In re ISLANDER SHIPHOLDING, INC.

Court of Appeal of Louisiana, Fifth Circuit.

April 15, 1998.

Attorney(s) appearing for the Case

Robert B. Acomb, Jr., Stewart E. Niles, Jr., John J. Broders, Robert T. Lemon, II, Jones, Walker, Waechter, Poitevent Carrere & Denegre, LLP, New Orleans, for Appellant.

J. Dwight LeBlanc, Jr., Douglas L. Grundmeyer, Charles P. Blanchard, Chaffe, McCall, Phillips, Toler & Sarpy, LLP, New Orleans, for Appellees.

Before GAUDIN, WICKER and GOTHARD, JJ.

WICKER, Judge.

The issue on this appeal is whether shareholders who dissolved their corporation must notify anyone when the shareholders decide to reinstate the corporate status pursuant to La. R.S. 12:142.1(B).

Islander Shipholding, Inc. was incorporated in Louisiana on July 1, 1993, with Pacific-Gulf Marine, Inc. as its sole shareholder. On April 2, 1996 Islander sold its primary asset, the vessel M/V SUGAR ISLANDER, to Gulfcoast Transit Company. The sale...

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