La. Rev. Stat. § 6:253
This is the official text of La. Rev. Stat. § 6:253, 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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Reservation of shares
Official statutory text
A state bank shall reserve from its authorized but unissued shares sufficient shares to meet its issuance obligations under subscription rights, warrants, options, and conversion privileges.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
Status: in_force · Read it on the official government site
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