RS 6:970 – Purchase, merger, or consolidation of impaired financial institutions Notwithstanding any other provisions of this Title, whenever a conservatorship of a state bank has been commenced pursuant to R.S. 6:381 et seq., when the commissioner has taken possession of a savings and loan association pursuant to R.S. 6:872 et seq., or when the […]
RS 6:971 – Approval of transaction; priorities A. In considering transactions under this Chapter, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana, and the need to preserve the strength and soundness of the banking system. The commissioner shall authorize transactions under this Chapter considering the […]
RS 6:972 – Retention of branches Any financial institution created by operation of this Chapter may retain and operate any existing branch or branches of the financial institution merged with or acquired under the provisions of R.S. 6:971. Such financial institution, however, shall be subject to the conditions upon which it may establish and operate […]
RS 6:973 – Prohibited insurance activities If a bank or bank holding company acquires a savings and loan association, the surviving financial institution or bank holding company and its subsidiaries shall not engage in any insurance activity except an insurance activity authorized by R.S. 6:242. Acts 1985, No. 107, §1; Acts 1997, No. 1475, §1, […]
RS 6:974 – Acquisition of state bank in impaired condition A. Notwithstanding any other provisions of this Title, upon a determination by the commissioner of financial institutions that a state bank is in such an impaired condition that it may fail, the commissioner may approve the sale of assets and assumption of liabilities, merger, or […]
RS 6:975 – §§975, 976 Repealed by Acts 1972, No. 454, §3, eff. Jan. 1, 1973.
