RS 6:1161 – Application for permit to organize A. Savings banks shall be organized and incorporated in the same manner as state banks under the provisions of Chapter 3 of Title 6 of the Louisiana Revised Statutes of 1950. B. Not less than five natural persons may organize a savings bank under this Chapter. Acts […]
RS 6:1162 – Content of application for permit to organize The application for a permit to organize shall be on forms required by the commissioner and shall include such information as he shall require, including but not limited to the following: (1) The name, address, social security number, date of birth, business address, home address, […]
RS 6:1163 – Contents of articles of incorporation A. The articles of incorporation shall set forth: (1) The name of the savings bank, which may be called an association; (2) The initial location of the business office; (3) The duration of existence, which is perpetual unless otherwise specified; (4) The initial number of directors which […]
RS 6:1164 – Contents of bylaws A. The bylaws of the savings bank shall provide for the following matters consistent with any applicable provisions of this Chapter: (1) The number of directors and the minimum frequency of directors’ meetings, which shall be at least monthly; (2) The titles and duties of the officers; (3) The […]
RS 6:1165 – Permit to organize A. The commissioner of financial institutions may require additional information and conduct whatever investigation he deems necessary to determine whether to issue a permit to organize, including the subpoena of books and records, taking of public testimony, and conduct of hearings. The applicants shall share the expense of such […]
RS 6:1166 – Temporary organization and capital subscriptions A. Each applicant shall become a member of the organization committee and shall elect officers and directors of the savings bank in organization. B. The officers and directors shall secure subscriptions for capital, in the form of pledges to purchase stock. C. The officers and directors shall […]
RS 6:1167 – Certificate of organization; issuance; refusal A. The commissioner of financial institutions shall issue a certificate of authority to transact banking business as a savings 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 […]
RS 6:1168 – REPEALED BY ACTS 1993, NO. 278, §1, EFF. JAN. 1, 1994.
