Code · Louisiana · Title 6 — Banks and Banking

RS 6:621

67 words·~1 min read·/la/title-6/6-690

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

RS 6:621

PART V. TRUST DEPOSITS LIABILITIES

AND PLEDGE OF ASSETS

§621. Borrowing limit

Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.

Acts 2003, No. 573, §1, eff. June 27, 2003.