Louisiana Statutes
§ 6:621
Louisiana·Title 6 Banks and Banking
§621. Borrowing limit
Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.
Acts 2003, No. 573, §1, eff. June 27, 2003.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 6:621 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
§ 6:641