La. Rev. Stat. § 6:971
This is the official text of La. Rev. Stat. § 6:971, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Approval of transaction; priorities
Official statutory text
A. In considering transactions under this Chapter, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana, and the need to preserve the strength and soundness of the banking system. The commissioner shall authorize transactions under this Chapter considering the following priorities in this order:
(1) Between financial institutions of the same type within the same parish.
(2) Between financial institutions of the same type anywhere within the state.
(3) Between financial institutions of different types within the same parish.
(4) Between financial institutions of different types anywhere within the state.
B. In considering transactions between financial institutions in different parishes, the commissioner shall give priority to prospective purchasers, merger, or consolidation candidates from adjoining parishes.
Acts 1985, No. 107, §1.
(1) Between financial institutions of the same type within the same parish.
(2) Between financial institutions of the same type anywhere within the state.
(3) Between financial institutions of different types within the same parish.
(4) Between financial institutions of different types anywhere within the state.
B. In considering transactions between financial institutions in different parishes, the commissioner shall give priority to prospective purchasers, merger, or consolidation candidates from adjoining parishes.
Acts 1985, No. 107, §1.
Status: in_force · Read it on the official government site
Need a lawyer in Louisiana?
Find a Louisiana lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.