Usufruct
R.S. 6:513

Prohibitions ACTIVE

It shall be unlawful:

(1) Until July 1, 1989, for any bank holding company or subsidiary thereof to open for business any bank not now opened for business whether or not a charter, permit, license, or certificate to open for business has already been issued.

(2) For any company to become a bank holding company unless the primary purpose of the corporation is the ownership or control of one or more banks.

(3) For any bank holding company, subsidiary, or employee thereof to engage in any insurance activity except an insurance activity authorized by R.S. 6:242. However, any bank holding company or subsidiary thereof which was engaged as a general insurance agent, or broker on January 1, 1984, may continue to be so engaged.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1962, No. 275, §3
  • amendment Acts 1968, No. 610, §2
  • amendment Acts 1983, No. 470, §1
  • amendment Acts 1984, No. 50, §1, eff. Jan. 1, 1985
  • amendment Acts 1984, No. 719, §3, eff. Jan. 1, 1985
  • amendment Acts 1986, No. 458, §1
  • amendment Acts 1988, No. 39, §1, eff. June 10, 1988
  • amendment Acts 1990, No. 611, §1, eff. July 19, 1990
  • amendment Acts 1995, No. 681, §1
  • amendment Acts 1997, No. 1475, §1, eff. July 15, 1997

Section navigation

Cite R.S. 6:513

Bluebook
La. Rev. Stat. Ann. § 6:513 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-513
BibTeX
@misc{larevstat-6-513,
  title        = {La. Rev. Stat. Ann. § 6:513},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-513},
  note         = {Snapshot 2026-05-22}
}