La. Rev. Stat. § 6:1166
This is the official text of La. Rev. Stat. § 6:1166, 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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Temporary organization and capital subscriptions
Official statutory text
A. Each applicant shall become a member of the organization committee and shall elect officers and directors of the savings bank in organization.
B. The officers and directors shall secure subscriptions for capital, in the form of pledges to purchase stock.
C. The officers and directors shall prepare articles of incorporation, bylaws, and other items as required by this Chapter.
D. The directors shall apply for insurance of accounts and advise the commissioner of financial institutions of each filing, conference, and all correspondence accompanying and required by such a filing.
E. The officers and directors shall take any other actions necessary to complete organization.
F. The officers and directors shall furnish the commissioner with the names and addresses of all investors who subscribed to purchase stock.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
B. The officers and directors shall secure subscriptions for capital, in the form of pledges to purchase stock.
C. The officers and directors shall prepare articles of incorporation, bylaws, and other items as required by this Chapter.
D. The directors shall apply for insurance of accounts and advise the commissioner of financial institutions of each filing, conference, and all correspondence accompanying and required by such a filing.
E. The officers and directors shall take any other actions necessary to complete organization.
F. The officers and directors shall furnish the commissioner with the names and addresses of all investors who subscribed to purchase stock.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
Status: in_force · Read it on the official government site
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