2011 Louisiana Laws
Revised Statutes
TITLE 6 — Banks and banking
RS 6:869 — Association continues as corporate entity for sole purpose of winding up affairs
§869. Association continues as corporate entity for sole purpose of winding up affairs
Upon the approval of the commissioner, the association shall be dissolved and shall cease to carry on business, but shall continue as a corporate entity for the sole purpose of paying, satisfying, and discharging existing liabilities and obligations, collecting and distributing assets, and doing all other acts required to adjust, wind up, and dissolve its business and affairs.
Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
