Usufruct
R.S. 51:3106

Banking district depository ACTIVE

A. The governing body of a local government in which a banking development district has been designated under R.S. 51:3105 may, by resolution, designate a financial institution located in the district as a banking district depository for purposes of R.S. 39:1220 regardless of whether the financial institution is designated as a state depository. All existing financial institutions operating in an area that becomes designated as a banking development district shall be eligible to be designated as a banking district depository for the purposes of this Chapter.

B. A resolution adopted under Subsection A must specify the maximum amount that may be kept on deposit with the banking district depository.

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JSON Markdown Source (legis.la.gov)

References

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History

  • enactment Acts 2007, No. 255, §1

Section navigation

Cite R.S. 51:3106

Bluebook
La. Rev. Stat. Ann. § 51:3106 (2026).
Permalink
https://theusufruct.com/rs/title-51/section-3106
BibTeX
@misc{larevstat-51-3106,
  title        = {La. Rev. Stat. Ann. § 51:3106},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-51/section-3106},
  note         = {Snapshot 2026-05-22}
}