RS 6:246
A state bank may use a wholly-owned operating subsidiary for activities or investments the bank is otherwise authorized to do, but it must give the commissioner written notice within 30 days after setting up the subsidiary or starting the new activity. Outside Subsection A, the bank must get the commissioner’s written
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
A state bank may use a wholly-owned operating subsidiary for activities or investments the bank is otherwise authorized to do, but it must give the commissioner written notice within 30 days after setting up the subsidiary or starting the new activity. Outside Subsection A, the bank must get the commissioner’s written approval before doing any activity through a subsidiary.
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RS 6:246
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