La. Rev. Stat. § 6:551.21
This is the official text of La. Rev. Stat. § 6:551.21, 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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Purchase of credit instruments
Official statutory text
Purchases and discounts of bills of exchange, bonds, debentures, and other obligations and extensions of credit and acceptances by an agency or branch within this state shall be subject to the same limitations as to amount in relation to capital, surplus, and undivided profits as are applicable to banks organized under the laws of this state; provided that with the prior approval of the commissioner, the capital notes and capital debentures of such foreign banks may be treated as capital in computing such limitations.
Acts 2004, No. 420, §1.
Acts 2004, No. 420, §1.
Status: in_force · Read it on the official government site
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