§ 6:518 — Oppressed shareholder's remedies

§518. Oppressed shareholder's remedies
A. For the purposes of R.S. 12:1-1435(I), if the corporation is a bank holding
company, any obligation to purchase a withdrawing shareholder's shares shall be subject to
any policy, limitation, requirement, order, plan, directive, or enforcement action of any
regulatory agency having jurisdiction over the bank holding company or any subsidiary
insured by the Federal Deposit Insurance Corporation and shall not cause the bank holding
company or any subsidiary insured by the Federal Deposit Insurance Corporation to cease
to be sufficiently capitalized under applicable law and regulations, or otherwise jeopardize
the safety and soundness of the bank holding company or any of its subsidiaries insured by
the Federal Deposit Insurance Corporation.
B. For the purposes of this Section, the term "bank holding company" has the
meaning as set forth in 12 U.S.C. 1841.

Legislative History

Acts 2022, No. 261, §1.