{
  "urn": "urn:us-la:rs:6:1205",
  "title_number": "6",
  "section_number": "1205",
  "citation": "R.S. 6:1205",
  "heading": "Who may hold capital",
  "text": "Capital stock of a savings bank may be held:\n\n(1) By any individual in his own right, regardless of age or marital status, or by two or more such individuals;\n\n(2) By a fiduciary when authorized by law;\n\n(3) By a government or governmental instrumentality when authorized by law; and\n\n(4) By any corporation or other person when not prohibited by law.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "6",
      "name": "BANKS AND BANKING"
    },
    {
      "level": "chapter",
      "number": "17",
      "name": "LOUISIANA SAVINGS BANKS"
    },
    {
      "level": "part",
      "number": "V",
      "name": "CAPITAL"
    }
  ],
  "breadcrumb": "Title 6 › Chapter 17 › Part V",
  "acts_citations": [
    {
      "act_year": 1990,
      "act_number": 816,
      "section": 1,
      "effective_date": "1990-09-01",
      "effective_date_raw": "Sept. 1, 1990",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1990, No. 816, §1, eff. Sept. 1, 1990.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=105744",
  "website_law_id": 105744,
  "scrape_timestamp": "2026-05-22T23:53:50Z",
  "source_html_hash": "sha256:c470ef0405c403692eda3e3d1d702adcaa15061f9760df36fcd0f0b909056c2c",
  "schema_version": "1.0.0"
}