La. Rev. Stat. § 6:551.15
State administrative office; authorization; permitted activities
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
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- Citation
- La. Rev. Stat. § 6:551.15, State administrative office; authorization; permitted activities, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636301
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Full text
A. With the authorization of the commissioner of financial institutions, a foreign bank may, subject to approval from the Federal Reserve Board, establish a state administrative office in this state subject to the provisions of this Chapter and applicable federal law.
B. An administrative office may engage only in the following activities:
(1) Administration of personnel and operations.
(2) Engage in data processing or recordkeeping activities.