Code · Louisiana · Title 6 — Banks and Banking

RS 6:381

106 words·~1 min read·/la/title-6/6-320

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 6:381

SUBCHAPTER C. CONSERVATORSHIPS, RECEIVERSHIPS,

AND INVOLUNTARY LIQUIDATIONS

PART I. CONSERVATORSHIPS OF STATE BANKS

§381. Definitions

As used in this Subchapter:

(1)"Conservator" means the commissioner or his designee.

(2)"FDIC" means the Federal Deposit Insurance Corporation, and includes any successor to the corporation or other agency or instrumentality of the United States which may undertake to discharge the purposes of the corporation.

(3)"Receiver" means the person liquidating a state bank pursuant to Part II of this Subchapter.

(4)"Receivership court" means the district court for the parish in which the state bank is domiciled.

Acts 1984, No. 719, §1, eff. Jan. 1, 1985.