§ 6:1205 — Who may hold capital

Louisiana § 6:1205

• Jurisdiction: Louisiana
• Title 6: Banks and Banking

Text

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.

Legislative History

Acts 1990, No. 816, §1, eff. Sept. 1, 1990.