RS 6:781 – Indemnity bonds A. Each association shall obtain and maintain a fidelity bond given by a surety company authorized to do business in Louisiana covering each officer, director, or employee before permitting such officer, director, or employee to enter upon the duties of their office or employment. This bond may be in the […]
RS 6:782 – Depositories No association shall deposit any of its funds except with a federal home loan bank, or with a depository insured by the Federal Deposit Insurance Corporation or its successor, or the Federal Savings and Loan Insurance Corporation, or its successor, or the National Credit Union Share Insurance Fund or its successor, […]
RS 6:783 – Indemnification of officers, directors, and employees A. An association may indemnify any person who was or is party or is threatened to be made a party to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including any action by or in the right of the corporation, by reason of […]
RS 6:784 – Illegal loans A. Should the directors or officers exceed any of the limitations set out in R.S. 6:822(1), all officers and directors present at any meeting or conference authorizing such illegal loans and consenting to such loans shall be liable in solido for the full amount of the loans; and the attorney […]
RS 6:785 – Directors, employees and members not disqualified to make acknowledgments No public officer qualified to take acknowledgments or proof of written instruments shall be disqualified from taking the acknowledgment or proof of any instrument in writing in which an association is interested by reason of his membership in or employment by an association […]
RS 6:786 – Relation and liability of directors and officers A. Financial institution officers and directors shall be deemed to stand in a fiduciary relation to their financial institution and its stockholders or members and shall discharge the duties of their positions in good faith and with that diligence, care, judgment, and skill as provided […]
RS 6:787 – Actions against directors and officers A. No action for damages against any director or officer of a financial institution for breach of the director’s or officer’s contract with the financial institution in the capacity of director or officer, or for breach of his duty as a director or officer, including, without limitation, […]
RS 6:788 – §§788 to 790 Repealed by Acts 1970, No. 234, §2.
