Louisiana Statutes

§ 6:782 — Depositories

Louisiana·Title 6 Banks and Banking
No association shall deposit any of its funds except with a federal home loan bank, or with a depository insured by the Federal Deposit Insurance Corporation or its successor, or the Federal Savings and Loan Insurance Corporation, or its successor, or the National Credit Union Share Insurance Fund or its successor, and approved by a vote of a majority of the directors of the association.

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Legislative History

Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.

Nearby Sections

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