La. Rev. Stat. § 6:626
Out-of-state trust companies
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 6:626, Out-of-state trust companies, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636339
- Permanent ID
ys:prov:2636339@1- SHA-256
95d550040ec7bca99a322b05909cb6f6865bf334b873375a73e4a75e23f72313
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.
(1) An out-of-state trust company may act as a fiduciary from a trust office only if both of the following conditions are met:
(a) The out-of-state trust company maintains a trust office in the state of Louisiana.
(b) In the state where the out-of-state trust company has its principal location, similar institutions chartered under Louisiana law may establish offices and engage in substantially similar activities authorized under this Chapter.
(2) Subject to the requirements of Paragraph (1) of this Subsection, an out-of-state trust company that maintains one or more trust offices in the state may at each office conduct any activity authorized to be conducted by a Louisiana trust company under this Chapter.
(3) An out-of-state trust company may establish a trust representative office in Louisiana at which the out-of-state trust company may perform trust-related business, except that the company may not enter into any trust agreements pursuant to the laws of this state.
B. An out-of-state trust company may solicit and market its fiduciary trust services in this state through the mail and other means of interstate commerce without maintaining a physical presence in this state and without filing an application or notice with the commissioner.