La. Rev. Stat. § 6:652.1
Types of capital
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
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- La. Rev. Stat. § 6:652.1, Types of capital, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636360
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Full text
A credit union may issue any type or kind of share or savings account representing savings of members of the credit union as may be authorized by the board of directors of the credit union, and may agree to pay an additional or different rate of dividend or interest on any share or savings account based upon its classification with respect to the character, amount, duration, or regularity of the transactions with respect to such share or savings account, provided the credit union pays the same dividend or interest rate on all shares or savings accounts in the same classification.