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2018 Louisiana Laws
Revised Statutes
TITLE 6 - Banks and Banking
RS 6:551.15 - State administrative office; authorization; permitted activities
Universal Citation: LA Rev Stat § 6:551.15 (2018)
§551.15. State administrative office; authorization; permitted activities
A. With the authorization of the commissioner of financial institutions, a foreign bank may, subject to approval from the Federal Reserve Board, establish a state administrative office in this state subject to the provisions of this Chapter and applicable federal law.
B. An administrative office may engage only in the following activities:
(1) Administration of personnel and operations.
(2) Engage in data processing or recordkeeping activities.
Acts 2004, No. 420, §1.
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