---
urn: urn:us-la:rs:11:536
citation: "R.S. 11:536"
status: active
breadcrumb: "Title 11 › Subtitle II › Chapter 1 › Part VI"
acts_citations:
  - { year: 1972, number: 135, section: 1, effective_date: 1972-07-26, role: enactment }
---

# Bank accounts

For the purpose of meeting disbursements for retirement allowances, annuities, and other payments there may be kept available cash, not exceeding the requirements of the system for a period of ninety days, on deposit in one or more banks or trust companies of the state organized under the laws of Louisiana or of the United States; however, the sum on deposit in any one bank or trust company shall never exceed twenty-five percent of the paid-up capital and surplus of the bank or trust company.