Louisiana Statutes
§ 6:253 — Reservation of shares
Louisiana·Title 6 Banks and Banking
A state bank shall reserve from its authorized but unissued shares sufficient shares to meet its issuance obligations under subscription rights, warrants, options, and conversion privileges.
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Legislative History
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
Nearby Sections
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Restatement of articles