Usufruct
R.S. 6:621

Borrowing limit ACTIVE

Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 2003, No. 573, §1, eff. June 27, 2003

Section navigation

Cite R.S. 6:621

Bluebook
La. Rev. Stat. Ann. § 6:621 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-621
BibTeX
@misc{larevstat-6-621,
  title        = {La. Rev. Stat. Ann. § 6:621},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-621},
  note         = {Snapshot 2026-05-22}
}