La. Rev. Stat. § 6:643
This is the official text of La. Rev. Stat. § 6:643, 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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Restriction of the use of term credit union
Official statutory text
A. Except for corporations formed under the provision of this Chapter, any person, partnership, firm, or corporation using any name or title containing the words "credit union" shall be fined not less than one hundred dollars or more than one thousand dollars, or be imprisoned for not more than one year, or both.
B. The provisions of Subsection A do not apply to credit unions organized under the laws of the United States and the several states and to organizations whose membership consist primarily of credit unions.
Amended by Acts 1975, No. 653, §1.
B. The provisions of Subsection A do not apply to credit unions organized under the laws of the United States and the several states and to organizations whose membership consist primarily of credit unions.
Amended by Acts 1975, No. 653, §1.
Status: in_force · Read it on the official government site
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