Louisiana Statutes
§ 6:1232 — Prohibited loans
Louisiana·Title 6 Banks and Banking
No loan shall be made by any savings bank to any person owning ten percent or more of the capital stock or to any affiliated person, agent, or attorney of that savings bank either for himself or as agent, or as partner of another, except in accordance with laws and regulations to which national banks are subject, applicable to a similar transaction.
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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