Usufruct
R.S. 6:422

Excessive borrowings or repurchase agreements ACTIVE

No state bank shall borrow additional sums as long as it has borrowed upon bills payable, rediscounts, or otherwise, or entered into repurchase agreements in any sum equal to three times its total capital less undivided profits. This prohibition shall not apply to borrowings from or repurchase transactions with a federal reserve bank or federal home loan bank.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1984, No. 719, §1, eff. Jan. 1, 1985
  • amendment Acts 1995, No. 424, §1, eff. June 17, 1995

Section navigation

Cite R.S. 6:422

Bluebook
La. Rev. Stat. Ann. § 6:422 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-422
BibTeX
@misc{larevstat-6-422,
  title        = {La. Rev. Stat. Ann. § 6:422},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-422},
  note         = {Snapshot 2026-05-22}
}