La. Rev. Stat. § 6:422
Excessive borrowings or repurchase agreements
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
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- Citation
- La. Rev. Stat. § 6:422, Excessive borrowings or repurchase agreements, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636244
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Full text
No state bank shall borrow additional sums as long as it has borrowed upon bills payable, rediscounts, or otherwise, or entered into repurchase agreements in any sum equal to three times its total capital less undivided profits. This prohibition shall not apply to borrowings from or repurchase transactions with a federal reserve bank or federal home loan bank.