La. Rev. Stat. § 11:536
Bank accounts
Louisiana · Louisiana Revised Statutes Title 11 — Consolidated Public Retirement · Status: effective
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- Citation
- La. Rev. Stat. § 11:536, Bank accounts, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2673771
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Full text
For the purpose of meeting disbursements for retirement allowances, annuities, and other payments there may be kept available cash, not exceeding the requirements of the system for a period of ninety days, on deposit in one or more banks or trust companies of the state organized under the laws of Louisiana or of the United States; however, the sum on deposit in any one bank or trust company shall never exceed twenty-five percent of the paid-up capital and surplus of the bank or trust company.