La. Rev. Stat. § 6:392
This is the official text of La. Rev. Stat. § 6:392, 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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Emergency sale of assets; purchase and assumption of assets
Official statutory text
The receiver may, with ex parte approval of the receivership court, sell all or any part of the bank's assets to another state or national bank or to the FDIC. In like manner, the receiver may borrow from the FDIC any amount necessary to facilitate the assumption of deposit liabilities by a newly chartered or existing bank, assigning any part or all of the assets of the bank as security for such loan.
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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