Louisiana Statutes
§ 6:1205 — Who may hold capital
Louisiana·Title 6 Banks and Banking
Capital stock of a savings bank may be held:
(1)By any individual in his own right, regardless of age or marital status, or by two or more such individuals;
(2)By a fiduciary when authorized by law;
(3)By a government or governmental instrumentality when authorized by law; and
(4)By any corporation or other person when not prohibited by law.
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Legislative History
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
Nearby Sections
15
§ 6:1201
§ 6:1201§ 6:1203
Capital stock; nature§ 6:1205
Who may hold capital§ 6:1206
Capital maintenance§ 6:121.1
Enforcement powers of commissioner