La. Rev. Stat. § 6:394.1
This is the official text of La. Rev. Stat. § 6:394.1, part of Louisiana’s Rev. Stat — part of the compiled statutory law of Louisiana, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Right of set-off
Official statutory text
Notwithstanding Civil Code Articles 1893, et seq. or any other provision of law to the contrary, any funds held on deposit with any state bank on behalf of a depositor may be used by the depositor as a set-off against any and all loans, extensions of credit, or other obligations or indebtedness of the depositor owed to the depository bank in the event such bank is liquidated.
Acts 1986, No. 379, §1.
Acts 1986, No. 379, §1.
Status: in_force · Read it on the official government site
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