La. Rev. Stat. § 6:971
Approval of transaction; priorities
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
Cite this
- Citation
- La. Rev. Stat. § 6:971, Approval of transaction; priorities, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636623
- Permanent ID
ys:prov:2636623@1- SHA-256
cb513247547dbc2bc47507b41d08ce3baf576ec0769d25346c8ff1c3eecaa1fb
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. In considering transactions under this Chapter, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana, and the need to preserve the strength and soundness of the banking system. The commissioner shall authorize transactions under this Chapter considering the following priorities in this order:
(1) Between financial institutions of the same type within the same parish.
(2) Between financial institutions of the same type anywhere within the state.
(3) Between financial institutions of different types within the same parish.
(4) Between financial institutions of different types anywhere within the state.
B. In considering transactions between financial institutions in different parishes, the commissioner shall give priority to prospective purchasers, merger, or consolidation candidates from adjoining parishes.