Louisiana Statutes
§ 12:961 — Deposits
Louisiana § 12:961
JurisdictionLouisiana
Title 12Conservation of Cultural Resources
This text of Louisiana § 12:961 (Deposits) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 12:961 (2026).
Text
The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.
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Legislative History
Acts 1969, No. 49, §11.
Nearby Sections
15
§ 12:901
§ 12:901§ 12:902
Professional corporations§ 12:903
The corporate name§ 12:904
Corporate authority§ 12:905
Shares§ 12:906
Certificate of stock§ 12:908
Action of shareholders§ 12:909
Shareholders' agreements§ 12:91
§ 12:91§ 12:910
Directors§ 12:911
Officers and agents§ 12:912
Merger and consolidation§ 12:913
DissolutionCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 12:961, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/12%3A961.