2014 Louisiana Laws
Revised Statutes
TITLE 6 - Banks and Banking
RS 6:853 - Closure of branch office
§853. Closure of branch office
A. No savings and loan association or savings bank shall close a branch office except pursuant to the procedure provided by this Section.
B. At least ninety days prior to the closure date, the association or savings bank shall submit in writing to the commissioner detailed reasons for the necessity of the closure, evidence that the appropriate federal banking agency has been notified of said closure, and, if applicable, the location to which the branches' accounts and safe deposit boxes are to be transferred.
C. At least thirty days prior to the closure date, the association or savings bank shall post a notice in a conspicuous location in the branch office to be closed, that the branch office will be closed, stating the closure date and, if applicable, the location to which the branches' accounts and safe deposit boxes are to be transferred.
Acts 1987, No. 105, §1; Acts 1992, No. 66, §1, eff. Sept. 1, 1992.
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.
