reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:355 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§355. Effect of merger or consolidation

RS 355 - Effect of merger or consolidation Upon the effectiveness of the merger or consolidation, the effect thereof shall be that: A. The several parties to the joint agreement shall be one bank which shall be: (1) In the case of merger, one of the constituent banks into which it has been agreed that the others shall be merged, and which shall survive the merger for that purpose. (2) In the case of consolidation, the new bank into which it has been agreed that the others shall be consolidated. B. The separate existence of the constituent banks shall cease except that of the surviving bank in the case of merger. C. The surviving or new bank shall possess all the rights, privileges, and franchises possessed by each of the former banks merged or consolidated. D. All of the property and assets of whatsoever kind or description of each of the constituent banks, all franchises and interests including appointments, designations, and nominations, and all other rights and interests as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, and in every other fiduciary capacity, all debts due on whatever account to any of the constituent banks including subscriptions for shares and other rights of action belonging to any of them shall be taken and be deemed to be transferred to and vested in the surviving or new bank without further act or deed, in the same manner and to the same extent as such rights, franchises, and interests would have been held or enjoyed by any one of the constituent banks whenever such matter comes into existence as a result of one of the nonsurviving constituent banks having been named in the act or document or other evidence that creates the right, interest, fiduciary relationship, or responsibility, such as a testament, trust indenture, or suspensively conditioned contract. E. The surviving or new bank shall be responsible for all of the liabilities and obligations of each of the banks merged or consolidated in the same manner as if such surviving or new bank had itself incurred such liabilities or obligations; but the liabilities of such constituent banks or of their stockholders, members, directors, or officers shall not be affected, nor shall the rights of the creditors thereof, or of any persons dealing with such banks, be impaired by such merger or consolidation; and any claim existing or action or proceeding pending by or against any of such constituent banks may be prosecuted to judgment as if such merger or consolidation had not taken place, or the surviving or new bank may be proceeded against or substituted in place of such constituent bank. F. In the case of a merger, the articles of the surviving bank shall be deemed amended to the extent of any changes therein stated in the merger agreement. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:361 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§361. National bank converting into state bank

RS 361 - National bank converting into state bank A.(1) A national bank domiciled in this state which complies with the procedure prescribed by the laws of the United States for the conversion of a national bank into a state bank may be granted a certificate of authority by the commissioner if he finds that the requirements for the incorporation of a state bank have been met. (2) Any requirements that shares of stock must be paid in cash may be satisfied by the exchange of shares of stock of the new state bank for those of the converting national bank. The procedures applicable to incorporation of a state bank may be modified to the extent made necessary by the difference between an ordinary incorporation and a conversion. B.(1) The national bank may apply for a certificate of authority by filing with the commissioner: (a) A certificate signed by its president and cashier and by a majority of the board of directors setting forth the corporate action taken in compliance with the provisions of the laws of the United States governing the conversion of a national bank into a state bank; and (b) The plan of conversion and the proposed articles of incorporation approved by the stockholders for the operation of the bank as a state bank. (2) Additionally, the certificate of authority and the articles of incorporation are to be filed with the recorder of mortgages in the parish of domicile of the state bank as provided in R.S. 6:217. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 2003, No. 17, §1, eff. May 23, 2003; Acts 2003, No. 60, §1, eff. May 23, 2003.
LA Rev Stat § 6:362 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§362. State bank converting into national bank

RS 362 - State bank converting into national bank A. A state bank may convert into a national bank by complying with the laws of the United States and the provisions of Subsection B. Upon the completion of the conversion, the certificate of authority of the converting state bank shall automatically terminate. B. A converting state bank shall give notice of its intention to convert to a national bank at least thirty days prior to the proposed effective date of the conversion. A vote of the holders of two-thirds of each class of voting stock at a duly scheduled stockholders' meeting shall be required for approval of the conversion. Upon approval of the conversion, the rights of dissenting stockholders shall be the same as those specified in R.S. 6:376. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:363 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§363. Continuation of corporate entity; use of old name

RS 363 - Continuation of corporate entity; use of old name A. A resulting state or national bank shall be considered the same business and corporate entity as the converting bank, with all the property, rights, powers, duties, and obligations of the converting bank, except as may be affected by other provisions of the law, and by the certificate of authority and articles of incorporation of the resulting bank. B. A resulting bank shall have the right to use the name of the converting bank for a reasonable time immediately following the conversion when circumstances make it appropriate. C. Any reference to the converting bank in any writing, whether executed or taking effect before or after the conversion, shall be deemed a reference to the converted bank if not inconsistent with the other provisions of such writing. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:364 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§364. State bank converting into state stock savings and loan association

RS 364 - State bank converting into state stock savings and loan association A. A state bank may convert into a state stock savings and loan association as defined by and subject to the provisions of R.S. 6:701, et seq. upon: (1) Complying with the laws of the United States. (2) Adopting and filing with the commissioner: (a) An application for approval of the plan of conversion. (b) An application for approval of such amendments to its articles, bylaws, and lending plan as may be necessary to carry out the conversion, which amendments shall not be effective until approved by the commissioner and the conversion becomes effective. (3) Determination by the commissioner that the requirements for a state stock savings and loan association have been met. (4) Complying with the provisions of Subsection C of this Section. B. Upon completion of the conversion, the certificate of authority of the converting state bank shall automatically terminate, and the commissioner shall issue to the resulting state stock savings and loan association a certificate of authority authorizing it to transact business as a state stock savings and loan association, subject to the provisions of R.S. 6:701, et seq. C. A converting state bank shall give notice to its shareholders of its intention to convert to a state stock savings and loan association at least thirty days prior to the proposed effective date of the conversion. A vote of the holders of two-thirds of each class of voting stock at a duly scheduled stockholders meeting shall be required for approval of the conversion. Upon approval of the conversion, the rights of the dissenting stockholders shall be the same as those specified in R.S. 6:376. D. Before a conversion becomes effective, the converting state bank shall give to its depositors such notice of the conversion as may be required by federal statute or regulation, or by the commissioner. If the rate of interest will be reduced as a result of the conversion, depositors may withdraw the deposit on demand at any time during the period commencing with the giving of the notice called for above and ending on the sixtieth day after the conversion becomes effective, subject to the provisions of any applicable federal statute or regulation. Acts 1985, No. 405, §1.
LA Rev Stat § 6:364.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§364.1. Approval of conversion; effective date of conversion

RS 364.1 - Approval of conversion; effective date of conversion A. After an application for conversion has been approved by the commissioner, the commissioner shall approve the amendments to the articles of incorporation of the resulting state stock savings and loan association and shall issue a certificate of authority at which time the conversion shall become effective and corporate existence of the resulting state stock savings and loan association shall begin. B. The articles, together with a copy of the certificate of authority issued by the Office of Financial Institutions, shall be filed with the recorder of mortgages of the parish of the main office of the resulting state stock savings and loan association as provided in R.S. 6:217. Acts 1985, No. 405, §1; Acts 1999, No. 342, §3; Acts 2003, No. 17, §1, eff. May 23, 2003; Acts 2003, No. 60, §1, eff. May 23, 2003.
LA Rev Stat § 6:365 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§365. Federal or state stock savings and loan association converting into a state-chartered bank or savings bank

RS 365 - Federal or state stock savings and loan association converting into a state-chartered bank or savings bank A. A federal or state stock savings and loan association may convert into a state-chartered bank or savings bank as defined by and subject to the provisions of R.S. 6:1 et seq., upon: (1) Complying with the laws of the United States. (2) Adopting and filing with the commissioner: (a) An application for approval of the plan of conversion. (b) An application for approval of such amendments to its articles, bylaws, and lending plan as may be necessary to carry out the conversion, which amendments shall not be effective until approved by the commissioner and the conversion becomes effective. (c) Documentation showing the approval of at least two-thirds of the voting power present or by such larger or smaller proportion not less than a majority of the voting power present or as the articles may provide. (3) Determination by the commissioner that the requirements for a state bank have been met. (4) Complying with the provisions of Subsection C of this Section. B. Upon completion of the conversion, the certificate of authority of the converting state stock savings and loan association shall automatically terminate, and the commissioner shall issue to the resulting state bank a certificate of authority authorizing it to transact business as a state bank, subject to the provisions of R.S. 6:1, et seq. C. A converting state stock savings and loan association shall give notice to its shareholders of its intention to convert to a state bank at least thirty days prior to the proposed effective date of the conversion. A vote of the holders of two-thirds of each class of voting stock at a duly scheduled stockholders meeting shall be required for approval of the conversion. D. Before a conversion becomes effective, the converting state stock savings and loan association shall give to its depositors such notice of the conversion as may be required by federal statute or regulation, or by the commissioner. If the rate of interest will be reduced as a result of the conversion, depositors may withdraw the deposit on demand at any time during the period commencing with the giving of the notice called for above and ending on the sixtieth day after the conversion becomes effective, subject to the provisions of any applicable federal statute or regulation. Acts 1988, No. 114, §1, eff. June 29, 1988; Acts 1992, No. 111, §1, eff. Sept. 1, 1992; Acts 2001, No. 915, §1, eff. June 26, 2001.
LA Rev Stat § 6:365.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§365.1. Merger or conversion of an existing financial institution

RS 365.1 - Merger or conversion of an existing financial institution A. With the approval of the commissioner, and notwithstanding any other law to the contrary, an existing federally insured financial institution may merge with or convert to any other form of federally insured financial institution by filing an acceptable plan, which has been adopted by a majority vote of all members of the board of directors of each institution, and by doing all of the following: (1) Obtaining the approval of at least two-thirds of the voting power present or by such larger or smaller proportion not less than a majority of the voting power present as the articles may provide. (2) Complying with all applicable provisions of this Title and the rules and regulations of the commissioner, except that the commissioner may waive any requirements of publication, notice, and public hearing. (3) Paying all outstanding bills for supervisory fees, examination fees, membership fees, and other fees, penalties, and assessments associated with the original charter. (4) Recording its new charter, as provided in R.S. 6:232(C) in the parish of its domicile and complying with the requirements of its current chartering authority. If applicable, any certificate of merger and accompanying merger agreement shall be filed in accordance with the procedures established in R.S. 6:352. B. Any such merger or conversions shall become effective in accordance with the procedures established in R.S. 6:354. C. Notwithstanding the provisions of Subsection A of this Section, a mutual state bank may be created only through the conversion of a federally insured financial institution in existence as of August 15, 1997. Acts 1997, No. 929, §1; Acts 2001, No. 915, §1, eff. June 26, 2001; Acts 2003, No. 17, §1, eff. May 23, 2003; Acts 2003, No. 60, §1, eff. May 23, 2003.
LA Rev Stat § 6:366 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§366. Voluntary transfer of assets

RS 366 - Voluntary transfer of assets A.(1) Any state bank may sell, lease, exchange, or otherwise dispose of all or substantially all of its assets to any other bank after having obtained both the consent of the stockholders of the selling bank holding of record at least two-thirds of the voting stock of the bank and the consent of the commissioner. Consent of the stockholder shall be expressed either in writing executed and acknowledged by the stockholders and attached to the instrument of sale or other disposition or to a copy thereof, or by a vote at a stockholders' meeting called for that purpose. Consent of the commissioner shall be expressed in writing and attached to the instrument of sale or other disposition of assets. (2) The transfer agreement shall contain provisions for the payment of liabilities of the selling bank, and it may contain provisions for the transfer of all deposits to a purchasing bank subject however to the right of every depositor of the selling bank to withdraw his deposit in full on demand after the transfer, irrespective of the terms under which it was deposited with the selling bank. B. After such authorization by a vote of the stockholders, the board of directors may nevertheless, in its discretion, abandon such sale, lease, exchange, or other disposition of assets subject to the rights of third parties under any contracts relating thereto without action or approval by the stockholders. C. This Section shall not be construed to authorize a conveyance or other disposition of assets in fraud of the bank's creditors or minority stockholders or stockholders without voting rights. D. An action or suit to enjoin or set aside a conveyance by a state bank on the ground that there has not been compliance with the provisions of this Section relating to the sale or other disposition of assets of the state bank must be brought within ninety days after the action purporting to authorize such disposition was taken, and this time limit shall not be subject to suspension on any ground nor to interruption except by timely suit. E. Upon the sale of all or substantially all of the assets of the bank, the certificate of authority of that bank shall be canceled as of the effective date of the agreement. The canceled certificate of authority shall then be filed by the bank with the recorder of mortgages in the parish of the selling bank's main office. This filing shall be made no later than thirty days following the cancellation of the certificate of authority. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 2001, No. 915, §1, eff. June 26, 2001; Acts 2003, No. 17, §1, eff. May 23, 2003; Acts 2003, No. 60, §1, eff. May 23, 2003.
LA Rev Stat § 6:371 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§371. Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner

RS 371 - Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner A. The stockholders of a state bank, by vote of two-thirds of the total voting power of the corporation or such larger vote as the articles may require, at a special meeting of the stockholders the notice of which shall set forth the proposed dissolution as the purpose of the meeting, may agree to appoint a liquidator and dissolve the state bank. B. If the public interest will thereby be served, the commissioner shall approve the liquidation unless the bank is insolvent or in an impaired, unsafe, or unsound condition. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1989, No. 396, §1.
LA Rev Stat § 6:381 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§381. Definitions

RS 381 - Definitions As used in this Subchapter: (1) "Conservator" means the commissioner or his designee. (2) "FDIC" means the Federal Deposit Insurance Corporation, and includes any successor to the corporation or other agency or instrumentality of the United States which may undertake to discharge the purposes of the corporation. (3) "Receiver" means the person liquidating a state bank pursuant to Part II of this Subchapter. (4) "Receivership court" means the district court for the parish in which the state bank is domiciled. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:382 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§382. Authority of commissioner to take possession and commence conservatorship of state bank

RS 382 - Authority of commissioner to take possession and commence conservatorship of state bank A. The commissioner may, with the consent of the governor, take possession and act as conservator of a state bank in any case in which he finds that the bank: (1) Is insolvent or in an unsafe or unsound condition to continue the business of banking. (2) Has refused to pay its depositors or obligations in accordance with the terms under which such deposits or obligations were incurred. (3) Has refused to submit its records and affairs for inspection or examination by federal or state banking authorities. (4) Has violated any court order, statute, rule or regulation, or its articles, and the commissioner determines that continued control of its own affairs threatens injury to the public, the financial community, or its depositors and other creditors. (5) Requests through its board of directors that the commissioner take possession for the benefit of depositors, other creditors, and stockholders. (6) Has had its deposit insurance contract with the Federal Deposit Insurance Corporation terminated or is subject to an agreement or a final order to terminate that insurance. B. The commissioner shall file an application to confirm the conservator and commence the conservatorship with the receivership court. The application shall recite one of the grounds for conservatorship provided in this Section. The court shall act upon the application forthwith and may proceed without notice to any person. Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1987, No. 107, §1.
LA Rev Stat § 6:383 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§383. Transfer of title to bank assets; extension of prescriptive periods

RS 383 - Transfer of title to bank assets; extension of prescriptive periods A. Upon confirmation of a conservator, title to all assets of the bank shall vest in the conservator without the execution of any instruments of conveyance, assignment, transfer, or endorsement. B. Notwithstanding any other laws to the contrary, the prescriptive period shall be extended for a period of six months on all causes of action accruing to the conservator pursuant to Subsection A. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
LA Rev Stat § 6:384 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§384. Notice of conservatorship; effect

RS 384 - Notice of conservatorship; effect Upon commencement of the conservatorship of any state bank, the conservator shall immediately post an appropriate notice of the conservatorship at the main entrance to the main office of the bank. No person who has actual knowledge of the conservatorship or who has been notified pursuant to this Section shall have a privilege for any payment, advance, or clearance thereafter made or for any liability thereafter incurred against any of the assets of the bank possessed by the conservator, nor shall the directors, officers, or agents of such bank thereafter have authority to act on behalf of said bank or to convey, transfer, assign, pledge, mortgage, or encumber any assets thereof. Acts 1984, No. 719, §1, eff. Jan. 1, 1985.