Title 6, Banks and Banking
0 chapters · 809 sections in this title.
La. Rev. Stat. § 6:921 Thrift and home financing organizations; exceptions
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§921. Thrift and home financing organizations; exceptions A. Any person accepting moneys from the public and engaged in home financing, whether or not incorporated, and any person hereafter formed or doing business as a building and loan association, society, company, or thrift i…
La. Rev. Stat. § 6:922 Powers of attorney
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§922. Powers of attorney Any association may continue to recognize the authority of an attorney-in-fact authorized in writing to manage or to make withdrawals either in whole or in part from the savings accounts or of the shares and the sums paid in on account of unpledged saving…
La. Rev. Stat. § 6:923 Exemption from security laws
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§923. Exemption from security laws Associations, their officers, employees or agents, savings or demand accounts, shares and stock, and the sale, issuance, or offering of savings or demand accounts, stock or shares of any association are hereby exempted from all provisions of law…
La. Rev. Stat. § 6:924 Holder of note may enforce
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§924. Holder of note may enforce Any pledgee or other lawful holder of any note or other evidence of indebtedness due to any association may enforce in its own name or in the name of the association all appropriate remedies to enforce collection, whether or not the shares or savi…
La. Rev. Stat. § 6:925 Unlawful to destroy property
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§925. Unlawful to destroy property A. It shall be unlawful for any person to conceal, destroy, damage, or remove any property, improvement, fixture, appliance, or equipment from any immovable property without the written consent of the association having an unpaid vendor's privil…
La. Rev. Stat. § 6:926 Foreclosure of mortgage
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§926. Foreclosure of mortgage In the event of foreclosure by executory process of a mortgage, on either movable or immovable property, in favor of an association, the certificate of any officer of the association, certifying as to the amount due on the mortgage and the maturity t…
La. Rev. Stat. § 6:927 Communication from commissioner having effect of approval or order to be in writing and signed
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§927. Communication from commissioner having effect of approval or order to be in writing and signed Every approval by the commissioner given pursuant to the provisions of this Chapter and every communication having the effect of an order or instruction to any association shall b…
La. Rev. Stat. § 6:928 Right of commissioner to utilize courts
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§928. Right of commissioner to utilize courts At any time after any controversy has arisen between the commissioner and an association with respect to any question of law or regulation or with respect to any question involving irreparable damage to the association, the commission…
La. Rev. Stat. § 6:929 Rights of association to contest decisions of commissioner
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§929. Rights of association to contest decisions of commissioner Whenever any controversy has arisen between the commissioner and an association with respect to any question of law or regulation or with respect to any other question involving immeasurable or irreparable damage to…
La. Rev. Stat. § 6:930 Defamation of institutions prohibited; fine
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§930. Defamation of institutions prohibited; fine Whoever willfully and knowingly makes, issues, circulates, transmits, or causes or knowingly permits to be made, issued, circulated, or transmitted, any statement or rumor, written, printed, reproduced in any manner, or by word of…
La. Rev. Stat. § 6:931 False statements and similar actions prohibited; fine
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§931. False statements and similar actions prohibited; fine Whoever knowingly makes or causes to be made, directly or indirectly, or through any agency whatsoever, any false statement or report, or willfully overvalues any land, property, or security for the purpose of influencin…
La. Rev. Stat. § 6:932 Act of controlling
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§932. Act of controlling Insofar as the provisions of this Chapter are inconsistent with the provisions of any other law affecting saving* associations, the provisions of this Chapter shall control. More particularly, the provisions of this Chapter, with respect to the organizati…
La. Rev. Stat. § 6:933 Application to existing associations
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§933. Application to existing associations Except as otherwise expressly provided in this Chapter, all of the provisions of this Chapter shall be applicable to every existing association heretofore formed under the laws of this state for a purpose or purposes for which such an as…
La. Rev. Stat. § 6:937 Dividends; requirements
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§937. Dividends; requirements A. The provisions of R.S. 6:1207, and any rules and regulations promulgated thereunder, shall be applicable to associations in the same manner as they are to savings banks. B. If a capital stock association results from conversion of a mutual associa…
La. Rev. Stat. § 6:938 Power of state or federal mutual association to convert to capital stock association; procedures; approval of department required; minutes of meeting; succession
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§938. Power of state or federal mutual association to convert to capital stock association; procedures; approval of department required; minutes of meeting; succession A.(1) If two-thirds of the members of the board of directors determine, and the commissioner concurs, that a sub…
La. Rev. Stat. § 6:939 Plan of conversion from mutual to capital stock association; mandatory and permissive requirements
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§939. Plan of conversion from mutual to capital stock association; mandatory and permissive requirements A. The plan of conversion shall provide: (1) That each savings account holder of the mutual association shall receive a withdrawable account in the capital stock association e…
La. Rev. Stat. § 6:940 Acquisition of control over an existing association
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§940. Acquisition of control over an existing association In any case in which a person or group of persons acting in concert propose to purchase or acquire voting common stock of any capital stock association after its organization or conversion, and the purchase or acquisition …
La. Rev. Stat. § 6:941 Restrictions on acquisition of control of capital stock associations
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§941. Restrictions on acquisition of control of capital stock associations A. As used in this Section, unless the context otherwise requires: (1) "Business organization" or "company" means any corporation, partnership, trust, joint stock company, or similar organization, but does…
La. Rev. Stat. § 6:942 Listing and assessment of capital stock; procedure; exemption
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§942. Listing and assessment of capital stock; procedure; exemption A. The shares of stock of all capital stock associations are hereby declared subject to taxation for all purposes in this state. B. Shares of stock of all capital stock associations shall be assessed for the purp…
La. Rev. Stat. § 6:943 Listing and assessing of stock; place
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§943. Listing and assessing of stock; place A. The stock shall be assessed at the percent of their valuation made by the assessing authorities to the stockholders at the domicile or location of the capital stock association who appear as such upon the books, regardless of the dom…
La. Rev. Stat. § 6:944 Listing and assessing of stock; branch capital stock associations
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§944. Listing and assessing of stock; branch capital stock associations A. When any capital stock association chartered under the laws of the state or the United States, doing business in this state, operates a branch capital stock association office or offices in different munic…
La. Rev. Stat. § 6:945 Listing and assessing of real estate of capital stock associations
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§945. Listing and assessing of real estate of capital stock associations A. The capital stock association house and all real estate owned by any capital stock association shall be assessed directly to it in accordance with law at not to exceed its actual cash value, or whatever p…
La. Rev. Stat. § 6:946 Listing and assessing of stock and real estate; payment of tax; recovery from stockholders
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§946. Listing and assessing of stock and real estate; payment of tax; recovery from stockholders All the taxes assessed against shares of stock shall be paid by the capital stock association, and it shall be entitled to collect the amount thus paid from the stockholders or their …
La. Rev. Stat. § 6:947 Listing and assessing of stock; report by official
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§947. Listing and assessing of stock; report by official A. In the event the association has not timely paid its taxes, the assessor may require the president, vice president, secretary, treasurer, or other person so designated, to furnish a complete sworn list of those who are c…
La. Rev. Stat. § 6:948 Power of commissioner to issue rules, regulations, and orders to
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§948. Power of commissioner to issue rules, regulations, and orders to implement this Chapter The commissioner may issue rules, regulations, or orders to implement this Chapter and to further its purposes, and when issued in accordance with R.S. 49:961, such rules, regulations, a…
La. Rev. Stat. § 6:949 Savings and demand accounts of capital stock savings and loan associations and capital stock savings banks as legal investments
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§949. Savings and demand accounts of capital stock savings and loan associations and capital stock savings banks as legal investments Notwithstanding and irrespective of any provisions of Titles 6, 39, or 49 of the Louisiana Revised Statutes of 1950, or any other statute, law, ru…
La. Rev. Stat. § 6:950.1 Declaration of policy
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§950.1. Declaration of policy It is declared to be the policy of this state to facilitate the econmomic development of this state, to promote a more efficient allocation of financial resources, to improve access to credit for Louisiana individuals and businesses, and to reinforce…
La. Rev. Stat. § 6:950.2 Definitions
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§950.2. Definitions As used in this Part, unless the context otherwise requires, the term: (1) "Acquire", as applied to an association or savings and loan holding company, means any of the following actions or transactions: (a) The merger or consolidation of one association with …
La. Rev. Stat. § 6:950.3 Scope of Part; effective dates
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§950.3. Scope of Part; effective dates A. Subject to the other provisions of this Part: (1) A Louisiana savings and loan holding company or a Louisiana association may acquire one or more out-of-state savings and loan holding companies and one or more out-of-state associations. (…
La. Rev. Stat. § 6:950.4 Applicability of commissioner's rules and regulations; operation of Louisiana
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§950.4. Applicability of commissioner's rules and regulations; operation of Louisiana association subsidiaries by foreign corporations; reciprocal agreements; penalties A. The commissioner shall administer and carry out the provisions of this Part and may issue such rules, regula…
La. Rev. Stat. § 6:950.5 Interstate acquisitions; filings with commissioner
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§950.5. Interstate acquisitions; filings with commissioner A. An out-of-state savings and loan holding company or out-of-state association shall not acquire, directly or indirectly, a Louisiana savings and loan holding company or a Louisiana association or an out-of-state savings…
La. Rev. Stat. § 6:950.6 Prohibited acquisitions and activities
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§950.6. Prohibited acquisitions and activities It shall be unlawful for an out-of-state savings and loan holding company or out-of-state association to open for business in this state a new association or to acquire a Louisiana association other than an established Louisiana asso…
La. Rev. Stat. § 6:950.7 Minority stockholders' rights
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§950.7. Minority stockholders' rights A. Subject to the provisions of Subsection (B) of this Section, it shall be unlawful for an out-of-state savings and loan holding company or an out-of-state association to purchase for cash or any other form of consideration any voting securi…
La. Rev. Stat. § 6:950.8 Savings clause
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§950.8. Savings clause Nothing in this Part shall be interpreted or construed as approving any act, actions, or conduct which is or has been or may be in violation of any existing law, nor shall anything herein contained constitute a defense to any action, suit, or proceeding pen…
La. Rev. Stat. § 6:951 Repealed by Acts 1999, No
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§951. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:952 Repealed by Acts 1999, No
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§952. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:953 Repealed by Acts 1999, No
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§953. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:954 Repealed by Acts 1999, No
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§954. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:955 Repealed by Acts 1999, No
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§955. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:956 Repealed by Acts 1999, No
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§956. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:956.1 Repealed by Acts 1999, No
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§956.1. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:956.2 Repealed by Acts 1999, No
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§956.2. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:957 Repealed by Acts 1999, No
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§957. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:958 Repealed by Acts 1999, No
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§958. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:959 Repealed by Acts 1999, No
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§959. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:960 Repealed by Acts 1999, No
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§960. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:961 Repealed by Acts 1999, No
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§961. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:962 Repealed by Acts 1999, No
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§962. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:963 Repealed by Acts 1999, No
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§963. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.
La. Rev. Stat. § 6:964 Repealed by Acts 1999, No
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§964. Repealed by Acts 1999, No. 794, §2, eff. July 2, 1999.