Usufruct
R.S. 6:1229

Immovable property; dealings ACTIVE

A. A savings bank may hold and convey real estate which it has acquired in satisfaction of debts previously contracted bona fide in the course of its business.

B. A savings bank may, in accordance with regulations adopted by the commissioner, make a loan or other extension of credit which would otherwise exceed the limits prescribed in R.S. 6:1235 when the purpose of the loan is to finance the sale of real estate acquired for a debt previously contracted or for use as bank premises. Such loans may only be made upon prior written approval of the commissioner.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1990, No. 816, §1, eff. Sept. 1, 1990
  • amendment Acts 1993, No. 277, §1, eff. June 2, 1993

Section navigation

Cite R.S. 6:1229

Bluebook
La. Rev. Stat. Ann. § 6:1229 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-1229
BibTeX
@misc{larevstat-6-1229,
  title        = {La. Rev. Stat. Ann. § 6:1229},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-1229},
  note         = {Snapshot 2026-05-22}
}