Louisiana Statutes
§ 6:419 — Receipt of deposits while insolvent
Louisiana·Title 6 Banks and Banking
A.After an officer, director, or employee of a bank learns that the bank is insolvent, he shall not assent to the receipt of any deposit of which all or any portion thereof would not be insured by the Federal Deposit Insurance Corporation or the creation of any debt by the bank.
B.Whoever violates this Section shall be fined not more than one thousand dollars and shall be individually responsible for any such deposit or debt.
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Louisiana § 6:419 (Receipt of deposits while insolvent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Bruneau v. Federal Deposit Insurance Corporation
981 F.2d 175 (Fifth Circuit, 1992)
MORTG. MKT., INC. v. FDIC for Bankers Trust
780 F. Supp. 406 (E.D. Louisiana, 1991)
Bruneau v. Federal Deposit Insurance
981 F.2d 175 (Fifth Circuit, 1992)
Bruneau v. F.D.I.C.
(Fifth Circuit, 1992)
Legislative History
Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1987, No. 108, §1.