Usufruct
R.S. 6:411

Engaging in business of banking without authority; penalty ACTIVE

A. It shall be unlawful for any person other than a financial institution to engage in the business of banking anywhere in this state.

B. Financial institutions may only engage in the business of banking to the extent expressly permitted by the laws under which they are organized or licensed.

C. Whoever violates this Section shall be fined not more than one thousand dollars a day for each day or part of a day during which the violation continues.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1984, No. 719, §1, eff. Jan. 1, 1985

Section navigation

Cite R.S. 6:411

Bluebook
La. Rev. Stat. Ann. § 6:411 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-411
BibTeX
@misc{larevstat-6-411,
  title        = {La. Rev. Stat. Ann. § 6:411},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-411},
  note         = {Snapshot 2026-05-22}
}