US Lawyer Database

§6:311. Types of accounts authorized to offer

RS 6:311 – Types of accounts authorized to offer State banks may offer any type of deposit accounts, interest-bearing or not, that are consistent with the provisions of this law, rules and regulations of the commissioner, or applicable rules and regulations of the Federal Deposit Insurance Corporation or the Federal Reserve System, except that in […]

§6:311.1. Powers of attorney, procuration, and mandate; written notice of revocation

RS 6:311.1 – Powers of attorney, procuration, and mandate; written notice of revocation A.(1) Notwithstanding any provision of law to the contrary, any federally insured financial institution presented with an original or certified true copy of a power of attorney, procuration, or mandate that is sufficient to authorize the named agent, representative, or mandatary to […]

§6:312. Alternative deposits; payment

RS 6:312 – Alternative deposits; payment A. When a deposit is made in any bank under the names of two or more persons payable to any one of such depositors, that deposit or any part of it or any interest or dividend on it may be paid to any one of such depositors, whether the […]

§6:313. Withdrawal of money or property deposited by or for minors

RS 6:313 – Withdrawal of money or property deposited by or for minors Any money or other property deposited by a minor or other person in the name of a minor with a bank may be withdrawn by the minor or other person in the manner and under the terms of the written instructions given […]

§6:314. Trust deposits; death of depositor; payment

RS 6:314 – Trust deposits; death of depositor; payment A. Upon the death of a depositor who has deposited a sum in any bank account evidencing by the depositor’s signature an intention that upon the death of the depositor, the funds shall belong to one or more named beneficiaries of the depositor, the bank may […]

§6:315. Adverse claims to deposit; procedure, indemnifying bond

RS 6:315 – Adverse claims to deposit; procedure, indemnifying bond A. Notice to any bank of an adverse claim, including an adverse claim of ownership of, right to control, or access to funds, to a deposit standing on the books of the bank to the credit of any person does not require the bank to […]

§6:316. Pledge of deposit accounts; rights and remedies

RS 6:316 – Pledge of deposit accounts; rights and remedies A. Notwithstanding the provisions of Civil Code Articles 1893 et seq., compensation takes place by operation of law between funds held on deposit with any bank domiciled or having a branch office in this state and any loan, extension of credit, or other obligation incurred […]

§6:317. Ownership of deposited funds

RS 6:317 – Ownership of deposited funds A bank may conclusively rely on any application, agreement, or signature card used to establish a deposit account as establishing ownership of any and all funds and other credits deposited therein, and may consider and treat any and all funds on deposit in such an account as belonging […]

§6:318. Letters of credit; use by banks

RS 6:318 – Letters of credit; use by banks In addition to other collateral for public funds deposits authorized by law, banks may also use letters of credit issued by the Federal Home Loan Bank. Acts 2000, 1st Ex. Sess., No. 27, §1, eff. April 14, 2000.

§6:319. Public funds deposits

RS 6:319 – Public funds deposits Notwithstanding any other law to the contrary, including, but not limited to, R.S. 33:2955 and R.S. 49:327, any bank, savings bank or savings and loan association, domiciled or having a branch in Louisiana, that receives public funds deposits may utilize, and public bodies may accept, any recognized system or […]