Louisiana Statutes
§ 6:615 — Engaging in commerce prohibited
Louisiana § 6:615
JurisdictionLouisiana
Title 6Banks and Banking
This text of Louisiana § 6:615 (Engaging in commerce prohibited) 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. § 6:615 (2026).
Text
Except as otherwise provided by this Chapter or rules adopted under this Chapter, a trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not part of the trust business, except as necessary to fulfill a fiduciary obligation to a client.
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Legislative History
Acts 2003, No. 573, §1, eff. June 27, 2003.
Nearby Sections
15
§ 6:601
§ 6:601§ 6:602
Other real estate§ 6:611
§ 6:611§ 6:613
Subsidiaries§ 6:614
Mutual funds§ 6:621
§ 6:621§ 6:622
Pledge of assets§ 6:623
Fiduciary responsibility§ 6:624
Reports of apparent crime§ 6:625
Out-of-state activities§ 6:626
Out-of-state trust companies§ 6:641
§ 6:641Cite This Page — Counsel Stack
Bluebook (online)
Louisiana § 6:615, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/6%3A615.