Usufruct
R.S. 6:311

Types of accounts authorized to offer ACTIVE

State banks may offer any type of deposit accounts, interest-bearing or not, that are consistent with the provisions of this law, rules and regulations of the commissioner, or applicable rules and regulations of the Federal Deposit Insurance Corporation or the Federal Reserve System, except that in no case may any bank establish any interest-bearing account funded with deposited monies belonging to third persons identified in accordance with the provisions of R.S. 6:317 which allows the interest to be paid to any person other than the owner of the monies, in accordance with Civil Code Art. 510.

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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 1991, No. 546, §1

Section navigation

Cite R.S. 6:311

Bluebook
La. Rev. Stat. Ann. § 6:311 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-311
BibTeX
@misc{larevstat-6-311,
  title        = {La. Rev. Stat. Ann. § 6:311},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-311},
  note         = {Snapshot 2026-05-22}
}