Usufruct
R.S. 6:538

Five-year continuous operation requirement ACTIVE

The commissioner shall not approve an application for an acquisition under this Part unless the Louisiana bank to be acquired, or at least one Louisiana bank subsidiary of the bank holding company to be acquired, has as of the proposed date of acquisition been in existence and in continual operation for at least five years.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1986, No. 577, §1, eff. July 2, 1986
  • amendment Acts 1995, No. 1249, §1

Section navigation

Cite R.S. 6:538

Bluebook
La. Rev. Stat. Ann. § 6:538 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-538
BibTeX
@misc{larevstat-6-538,
  title        = {La. Rev. Stat. Ann. § 6:538},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-538},
  note         = {Snapshot 2026-05-22}
}