Louisiana Statutes
§ 6:397 — Subrogation to rights of bank depositors
Louisiana·Title 6 Banks and Banking
Whenever the FDIC pays or makes available for payment the insured deposit liabilities of a closed bank, the FDIC, whether or not it acts as receiver, shall be subrogated to all rights of depositors against the closed bank to the same extent as subrogation is provided for in the Federal Deposit Insurance Act, 12 U.S.C. 1811 et seq., in the case of a national bank.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 6:397 (Subrogation to rights of bank depositors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 1811
12 U.S.C. § 1811
Legislative History
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.