{
  "urn": "urn:us-la:rs:6:544",
  "title_number": "6",
  "section_number": "544",
  "citation": "R.S. 6:544",
  "heading": "Organization of financial service center banks",
  "text": "A. Financial service center banks shall be organized in the manner provided in Subchapter A of Chapter 3 of this Title, except that:\n\n(1) The articles of incorporation of a financial service center bank shall expressly provide that such bank shall limit its activities to only those authorized in this Part.\n\n(2) At least one of the organizers or directors of a financial service center bank must be a resident of Louisiana.\n\n(3) A financial service center bank shall include the phrase \"financial service center bank\" in its corporate name.\n\n(4) A financial service center bank organized under this Part shall have a minimum initial capital of five million dollars.\n\n(5) A financial service center bank may not merge with or acquire another financial institution domiciled in this state, nor may a financial service center bank convert into another type of financial institution.\n\nB. In addition to the criteria provided in R.S. 6:214, to the extent applicable, the commissioner shall consider the unemployment figures for the community in which the proposed financial service center bank is to be located when granting a charter for such an institution.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "6",
      "name": "BANKS AND BANKING"
    },
    {
      "level": "chapter",
      "number": "6",
      "name": "BANK STRUCTURE"
    },
    {
      "level": "part",
      "number": "V",
      "name": "FINANCIAL SERVICE CENTER BANKS"
    }
  ],
  "breadcrumb": "Title 6 › Chapter 6 › Part V",
  "acts_citations": [
    {
      "act_year": 1987,
      "act_number": 808,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1987, No. 808, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=106025",
  "website_law_id": 106025,
  "scrape_timestamp": "2026-05-22T23:51:44Z",
  "source_html_hash": "sha256:0a72d2b0c0937a9734ee7f1d489043a34b9b6c6d6e6db3c04e0f4bd176a60a55",
  "schema_version": "1.0.0"
}