{
  "urn": "urn:us-la:rs:6:218",
  "title_number": "6",
  "section_number": "218",
  "citation": "R.S. 6:218",
  "heading": "Expenses of organization and financing",
  "text": "The charges and expenses of organization of a state bank and the expenses of and compensation for the sale and underwriting of its shares may not be paid or allowed by the state bank out of the consideration received by it in payment for its shares to the extent that such payment constitutes the bank's capital stock. This restriction does not prohibit the payment, with approval of the commissioner, of reasonable charges and expenses out of surplus or undivided profits.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "6",
      "name": "BANKS AND BANKING"
    },
    {
      "level": "chapter",
      "number": "3",
      "name": "STATE BANKS SUBCHAPTER A. ORGANIZATION AND OPERATION OF STATE BANKS"
    },
    {
      "level": "part",
      "number": "II",
      "name": "ORGANIZATION OF STATE BANKS"
    }
  ],
  "breadcrumb": "Title 6 › Chapter 3 › Part II",
  "acts_citations": [
    {
      "act_year": 1984,
      "act_number": 719,
      "section": 1,
      "effective_date": "1985-01-01",
      "effective_date_raw": "Jan. 1, 1985",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1984, No. 719, §1, eff. Jan. 1, 1985.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=105868",
  "website_law_id": 105868,
  "scrape_timestamp": "2026-05-22T23:51:00Z",
  "source_html_hash": "sha256:a5d6626207fa8ff294d81fb5e7aa861f520a763aa94cb44fc1af1a9ced71e099",
  "schema_version": "1.0.0"
}