Louisiana Statutes
§ 6:655 — Power to borrow
Louisiana § 6:655
JurisdictionLouisiana
Title 6Banks and Banking
This text of Louisiana § 6:655 (Power to borrow) 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. § 6:655 (2026).
Text
A.A credit union may borrow from any source, but the total of such borrowing at no time shall exceed fifty percent of its paid in and unimpaired capital and surplus.
B.The limitation in Subsection A of this Section shall not apply to a central or corporate credit union. However, the borrowing limitations of a central or corporate credit union shall be provided for in its bylaws as approved by the commissioner.
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Legislative History
Amended by Acts 1954, No. 530, §1; Acts 1983, No. 351, §1.
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 § 6:655, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/6%3A655.