Louisiana § 6:1338 Unauthorized participation by convicted individual

Louisiana Statutes

§ 6:1338 — Unauthorized participation by convicted individual

Louisiana § 6:1338

Title 6Banks and Banking

This text of Louisiana § 6:1338 (Unauthorized participation by convicted individual) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 6:1338 (2026).

Text

A.

(1)Any person who has been convicted of any criminal offense involving dishonesty or a breach of trust shall not participate, directly or indirectly, in any manner in the conduct of the affairs of a savings bank, except with the prior written consent of the commissioner.

(2)A savings bank shall not permit such participation, except with the prior written consent of the commissioner. B. Whoever knowingly violates Subsection A of this Section shall be fined not more than ten thousand dollars for each day that such prohibition is violated or shall be imprisoned for not more than five years, or both.

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A.(1) Any person who has been convicted of any criminal offense involving dishonesty or a breach of trust shall not participate, directly or indirectly, in any manner in the conduct of the affairs of a savings bank, except with the prior written consent of the commissioner.
(2) A savings bank shall not permit such participation, except with the prior written consent of the commissioner.
B. Whoever knowingly violates Subsection A of this Section shall be fined not more than ten thousand dollars for each day that such prohibition is violated or shall be imprisoned for not more than five years, or both.