---
urn: urn:us-la:rs:6:1229
citation: "R.S. 6:1229"
status: active
breadcrumb: "Title 6 › Chapter 17 › Part VI"
acts_citations:
  - { year: 1990, number: 816, section: 1, effective_date: 1990-09-01, role: enactment }
  - { year: 1993, number: 277, section: 1, effective_date: 1993-06-02, role: amendment }
---

# Immovable property; dealings

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.