La. Rev. Stat. § 6:551.7
This is the official text of La. Rev. Stat. § 6:551.7, 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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Requirements to operate; fees
Official statutory text
A foreign bank may not maintain and operate a state agency, branch, or office in this state unless the foreign bank:
(1) Is authorized by its charter to carry on such a business and the foreign bank has complied with the laws of the country under which it is chartered.
(2) Has furnished to the commissioner proof of the nature and character of its business and of its financial condition that the commissioner requires.
(3) Has filed with the commissioner a certified copy of the information required by R.S. 6:551.6.
(4) Has paid an application fee to be determined by the commissioner as reasonable, fair, and sufficient for the management and oversight required by this Chapter.
(5) Has been issued a certificate of authority by the commissioner.
Acts 2004, No. 420, §1.
(1) Is authorized by its charter to carry on such a business and the foreign bank has complied with the laws of the country under which it is chartered.
(2) Has furnished to the commissioner proof of the nature and character of its business and of its financial condition that the commissioner requires.
(3) Has filed with the commissioner a certified copy of the information required by R.S. 6:551.6.
(4) Has paid an application fee to be determined by the commissioner as reasonable, fair, and sufficient for the management and oversight required by this Chapter.
(5) Has been issued a certificate of authority by the commissioner.
Acts 2004, No. 420, §1.
Status: in_force · Read it on the official government site
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