Louisiana § 6:419 Receipt of deposits while insolvent

Louisiana Statutes

§ 6:419 — Receipt of deposits while insolvent

Louisiana § 6:419

Title 6Banks and Banking

This text of Louisiana § 6:419 (Receipt of deposits while insolvent) 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. § 6:419 (2026).

Text

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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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.