La. Rev. Stat. § 6:215
Capital requirements; additional condition precedent
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 6:215, Capital requirements; additional condition precedent, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636112
- Permanent ID
ys:prov:2636112@1- SHA-256
ecdb20de5ebfb9f1a047e1a0b98452f330fa0fefcd618165b7f484e3a5166540
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A. The articles of incorporation of a state bank must provide for an amount of capital stock with which the state bank will begin business, which amount may not be less than five hundred thousand dollars. The commissioner may require a greater amount of capital if he reasonably deems it necessary for the safe, sound, and proper operation of the state bank.
B. The capital of a mutual state bank shall consist of its retained earnings and such other forms of equity deemed to be qualifying capital by the commissioner.
C. One hundred percent of the capital stock shall be paid in full in cash or by contributions of the initial organizers to defray organizational expenses that may have been approved by the commissioner before a certificate of authority may be issued by the commissioner.
D. This Section shall not apply to banks organized solely for the purpose of effecting a merger with an existing bank.