Louisiana Statutes
§ 12:961 — Deposits
Louisiana·Title 12 Conservation of Cultural Resources
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
Dissolution