2014 Louisiana Laws
Revised Statutes
TITLE 6 - Banks and Banking
RS 6:551.19 - Paid-in capital; surplus; undivided profits
§551.19. Paid-in capital; surplus; undivided profits
Before opening a branch, agency, or office in this state and annually thereafter so long as a branch, agency, or office is maintained in this state, a foreign bank granted a certificate of authority pursuant to this Part shall certify to the commissioner the amount of its paid-in capital, its surplus, and its undivided profits, each expressed in the currency of the country of its incorporations; the dollar equivalent of which amount, as determined by the commissioner, shall be deemed to be the amount of its capital, surplus, and undivided profits.
Acts 2004, No. 420, §1.
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