---
urn: urn:us-la:rs:6:253
citation: "R.S. 6:253"
status: active
breadcrumb: "Title 6 › Chapter 3 › Part V"
acts_citations:
  - { year: 1984, number: 719, section: 1, effective_date: 1985-01-01, role: enactment }
---

# Reservation of shares

A state bank shall reserve from its authorized but unissued shares sufficient shares to meet its issuance obligations under subscription rights, warrants, options, and conversion privileges.