---
urn: urn:us-la:rs:6:1205
citation: "R.S. 6:1205"
status: active
breadcrumb: "Title 6 › Chapter 17 › Part V"
acts_citations:
  - { year: 1990, number: 816, section: 1, effective_date: 1990-09-01, role: enactment }
---

# Who may hold capital

Capital stock of a savings bank may be held:

(1) By any individual in his own right, regardless of age or marital status, or by two or more such individuals;

(2) By a fiduciary when authorized by law;

(3) By a government or governmental instrumentality when authorized by law; and

(4) By any corporation or other person when not prohibited by law.