RS 39:1228
If a depository bank fails or stops paying, the depositing authority must share in dividends paid to other depositors based on the amount on deposit when the failure or suspension occurs.
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
- Official source
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bank failures dividends security retention
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RS 39:1228
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