RS 6:241 – General corporate powers A. A state bank may be organized to exercise the powers provided in this law and such other general powers as are appropriate to its purpose. B. A state bank shall, without specific mention thereof in its articles of incorporation, have all the powers conferred by this law and […]
RS 6:242 – Banking powers A. In addition to the general corporate powers conferred in R.S. 6:241 and the powers conferred by other provisions of the laws of this state, a state bank shall have the following banking powers and those incidental to the exercise of these powers: (1) To receive and pay out deposits, […]
RS 6:243 – Immovable property; dealings A. A state bank may lawfully purchase, hold, and convey any immovable property: (1) Which is necessary for the proper transaction of its business. (2) Which has been mortgaged to it in good faith as security for loans. (3) Which has been conveyed to it in satisfaction of debts […]
RS 6:244 – Transfers by bank and other acts in contemplation of insolvency A. The following, when made with a view to prevent the application of the assets of any state bank in the preference of one creditor to another, shall be utterly null and void: (1) All transfers of the notes, bonds, bills of […]
RS 6:245 – Changes in core business A. Whenever a state-chartered financial institution, or holding company thereof, intends to materially change its core business as conducted at the time of its last safety and soundness examination or filing pursuant to this Section, whichever is later, it shall provide notice to the commissioner at least forty-five […]
RS 6:246 – Bank operating subsidiaries A. A state bank may, through a wholly-owned operating subsidiary, conduct any activity or make any investment that the state bank is authorized to conduct or make under state or federal law. A state bank that establishes a subsidiary in accordance with this Subsection shall provide the commissioner written […]
