Usufruct
R.S. 6:419

Receipt of deposits while insolvent ACTIVE

A. After an officer, director, or employee of a bank learns that the bank is insolvent, he shall not assent to the receipt of any deposit of which all or any portion thereof would not be insured by the Federal Deposit Insurance Corporation or the creation of any debt by the bank.

B. Whoever violates this Section shall be fined not more than one thousand dollars and shall be individually responsible for any such deposit or debt.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1984, No. 719, §1, eff. Jan. 1, 1985
  • amendment Acts 1987, No. 108, §1

Section navigation

Cite R.S. 6:419

Bluebook
La. Rev. Stat. Ann. § 6:419 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-419
BibTeX
@misc{larevstat-6-419,
  title        = {La. Rev. Stat. Ann. § 6:419},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-419},
  note         = {Snapshot 2026-05-22}
}