RS 6:211 – Incorporation; number of incorporators, application for certificate of authority, filing fee; organization as a limited liability company A. Only those corporations which organize under the provisions of this Chapter shall be "state banks" under the laws of this state. B. One or more natural persons, the majority of whom must be domiciled […]
RS 6:212 – Corporate name A. The corporate name of a state bank shall include the word "bank" or a form of that word in any combination with other words. B. Nothing in this Section shall abrogate or limit the law as to unfair competition or unfair practice in the use of trade names nor […]
RS 6:213 – Articles of incorporation, filing, form, content; letter of acceptance for filing A.(1) The articles of incorporation or a multiple original thereof of a state bank shall be filed with the office of financial institutions. They may be delivered to the office of financial institutions in advance for filing as of any specified […]
RS 6:214 – Investigation into proposed state bank When an application for a certificate of authority has been filed with the commissioner, he shall conduct an investigation to determine whether the public interest will be served by permitting the organization of the proposed state bank. In making this investigation, the commissioner shall determine whether the […]
RS 6:215 – Capital requirements; additional condition precedent A. The articles of incorporation of a state bank must provide for an amount of capital stock with which the state bank will begin business, which amount may not be less than five hundred thousand dollars. The commissioner may require a greater amount of capital if he […]
RS 6:216 – Certificate of authority; issuance, refusal A. The commissioner shall issue a certificate of authority to transact banking business as a state bank only upon the fulfillment of the requirements of this Chapter. B. If the commissioner finds that the public interest will not be served by permitting the organization of the proposed […]
RS 6:217 – Effect of issuance of certificate of authority, filing requirements A. Upon the issuance of the certificate of authority, the bank shall be duly incorporated and the corporate existence shall begin as of the time when the articles were accepted for filing with the office of financial institutions, except that if the articles […]
RS 6:218 – Expenses of organization and financing The charges and expenses of organization of a state bank and the expenses of and compensation for the sale and underwriting of its shares may not be paid or allowed by the state bank out of the consideration received by it in payment for its shares to […]
RS 6:219 – Bylaws A. Except as specifically provided in this Chapter and unless the articles provide otherwise, the board of directors of a state bank may make and alter bylaws, including bylaws fixing directors’ qualifications, number or term of office, or fixing their compensation, subject to the power of the stockholders to change or […]
RS 6:220 – Stockholders’ agreements A.(1) Any lawful provision regulating the affairs of a state bank or the rights and liabilities of its stockholders which is not required to be set forth in the articles may be set forth in an agreement among all of the stockholders who would be entitled to vote on the […]
