Louisiana Statutes
§ 6:422 — Excessive borrowings or repurchase agreements
Louisiana § 6:422
JurisdictionLouisiana
Title 6Banks and Banking
This text of Louisiana § 6:422 (Excessive borrowings or repurchase agreements) 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. § 6:422 (2026).
Text
No state bank shall borrow additional sums as long as it has borrowed upon bills payable, rediscounts, or otherwise, or entered into repurchase agreements in any sum equal to three times its total capital less undivided profits. This prohibition shall not apply to borrowings from or repurchase transactions with a federal reserve bank or federal home loan bank.
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Legislative History
Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1995, No. 424, §1, eff. June 17, 1995.
Nearby Sections
15
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Bluebook (online)
Louisiana § 6:422, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/6%3A422.