La. Rev. Stat. § 6:551.9
This is the official text of La. Rev. Stat. § 6:551.9, 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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Approval or disapproval of application
Official statutory text
A. The commissioner may approve or disapprove an application but may not approve an application unless the requirements of this Part relating to the foreign banks are met.
B. The commissioner may disapprove an application if he determines that:
(1) The foreign bank is organized in a country that does not permit banks organized under the laws of this state to undertake activities similar to those described in this Part; or
(2) Granting an application of a foreign bank would be detrimental to the public interest.
Acts 2004, No. 420, §1.
B. The commissioner may disapprove an application if he determines that:
(1) The foreign bank is organized in a country that does not permit banks organized under the laws of this state to undertake activities similar to those described in this Part; or
(2) Granting an application of a foreign bank would be detrimental to the public interest.
Acts 2004, No. 420, §1.
Status: in_force · Read it on the official government site
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