Usufruct
R.S. 6:261

Accounting procedures ACTIVE

A. Upon initial issuance of shares, that part of the consideration received therefor which is equal to the par value thereof shall be allocated to capital stock, and the remainder shall be allocated to surplus.

B. Except as otherwise provided in R.S. 6:263 and 416, a state bank may transfer from or reduce its capital stock or surplus only in conformity with written permission of the commissioner.

C. Repealed by Acts 2003, No. 570, §2, eff. June 27, 2003.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1984, No. 719, §1, eff. Jan. 1, 1985
  • amendment Acts 1997, No. 966, §1
  • amendment Acts 2001, No. 915, §1, eff. June 26, 2001
  • amendment Acts 2003, No. 570, §2, eff. June 27, 2003

Section navigation

Cite R.S. 6:261

Bluebook
La. Rev. Stat. Ann. § 6:261 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-261
BibTeX
@misc{larevstat-6-261,
  title        = {La. Rev. Stat. Ann. § 6:261},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-261},
  note         = {Snapshot 2026-05-22}
}