Louisiana Statutes
§ 6:1011 — Powers; limitations; prohibitions
Louisiana·Title 6 Banks and Banking
A licensee shall not accept money or currency for deposit or act as bailee or agent for any person to hold money or currency in escrow for others for any purpose. However, a licensee may act as agent for a person licensed under the Sale of Checks and Money Transmission Act, Chapter 13 of this Title.
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Legislative History
Acts 1999, No. 1208, §1, eff. July 9, 1999; Acts 2001, No. 586, §1, eff. June 22, 2001.
Nearby Sections
15
§ 6:1001
§ 6:1001§ 6:1002
Definitions§ 6:1003
License; certificates§ 6:1004.1
License fees; online renewal§ 6:1004.2
Enforcement powers of the commissioner§ 6:1005
Qualifications§ 6:1007
Change of name or location§ 6:101
§ 6:101