Louisiana § 6:371

Louisiana Statutes

§ 6:371

Louisiana § 6:371

Title 6Banks and Banking

This text of Louisiana § 6:371 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. § 6:371 (2026).

Text

§371. Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner

A.The stockholders of a state bank, by vote of two-thirds of the total voting power of the corporation or such larger vote as the articles may require, at a special meeting of the stockholders the notice of which shall set forth the proposed dissolution as the purpose of the meeting, may agree to appoint a liquidator and dissolve the state bank.

B.If the public interest will thereby be served, the commissioner shall approve the liquidation unless the bank is insolvent or in an impaired, unsafe, or unsound condition. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1989, No. 396, §1.

Free access — add to your briefcase to read the full text and ask questions with AI

§371. Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner
A. The stockholders of a state bank, by vote of two-thirds of the total voting power of the corporation or such larger vote as the articles may require, at a special meeting of the stockholders the notice of which shall set forth the proposed dissolution as the purpose of the meeting, may agree to appoint a liquidator and dissolve the state bank.
B. If the public interest will thereby be served, the commissioner shall approve the liquidation unless the bank is insolvent or in an impaired, unsafe, or unsound condition.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1989, No. 396, §1.