United States — Louisiana
RS 6:1284
1 provisions
An existing financial institution may convert into a Louisiana savings bank if it completes the listed steps and conditions.
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1,343 matching statutes
United States — Louisiana
1 provisions
An existing financial institution may convert into a Louisiana savings bank if it completes the listed steps and conditions.
United States — Louisiana
1 provisions
Money collected by the commissioner of insurance must be deposited in approved banks or similar institutions, and the commissioner may choose to place it in a national bank or trust company as a trust fund.
United States — Louisiana
1 provisions
A bank is treated as having given value, for holder-in-due-course purposes, to the extent it has a security interest in an item, if it otherwise meets R.S. 10:3-302.
United States — Louisiana
1 provisions
After learning a bank is insolvent, its officer, director, or employee must not allow uninsured deposits or new debts to be taken on.
United States — Louisiana
1 provisions
A savings bank may sell all or substantially all of its assets, or may sell any office, facility, or equipment, subject to the stated conditions.
United States — Louisiana
1 provisions
A savings bank may sell and service loans, and the commissioner may regulate or limit loan sales.
United States — Louisiana
1 provisions
Public officials holding public funds are not responsible for money deposited in the selected bank, and depositing authorities must safeguard and return collateral held as security for those deposits.
United States — Louisiana
1 provisions
If a depository bank fails or stops paying, the depositing authority must share in dividends paid to other depositors based on the amount on deposit when the failure or suspension occurs.
United States — Louisiana
1 provisions
Every state bank’s board must examine the bank, or have a committee of its members do it, once every twelve months.
United States — Louisiana
1 provisions
The receiver may appoint a successor for the closed bank’s fiduciary roles, and the successor must notify interested parties within 30 days after appointment.
United States — Louisiana
1 provisions
Savings banks must underwrite loans and investments carefully, check financial soundness before making them, follow appraisal rules, and keep appraisals on file.
United States — Louisiana
1 provisions
State bank directors, officers, and employees must not make or hide false book entries, file false reports, or fail to file required reports; certain financial institutions must provide suspicious-activity information when the commissioner asks.