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2018 Louisiana Laws
Revised Statutes
TITLE 6 - Banks and Banking
RS 6:621 - Borrowing limit
Universal Citation: LA Rev Stat § 6:621 (2018)
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.
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