Usufruct
R.S. 6:1166

Temporary organization and capital subscriptions ACTIVE

A. Each applicant shall become a member of the organization committee and shall elect officers and directors of the savings bank in organization.

B. The officers and directors shall secure subscriptions for capital, in the form of pledges to purchase stock.

C. The officers and directors shall prepare articles of incorporation, bylaws, and other items as required by this Chapter.

D. The directors shall apply for insurance of accounts and advise the commissioner of financial institutions of each filing, conference, and all correspondence accompanying and required by such a filing.

E. The officers and directors shall take any other actions necessary to complete organization.

F. The officers and directors shall furnish the commissioner with the names and addresses of all investors who subscribed to purchase stock.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1990, No. 816, §1, eff. Sept. 1, 1990

Section navigation

Cite R.S. 6:1166

Bluebook
La. Rev. Stat. Ann. § 6:1166 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-1166
BibTeX
@misc{larevstat-6-1166,
  title        = {La. Rev. Stat. Ann. § 6:1166},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-1166},
  note         = {Snapshot 2026-05-22}
}