reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:653.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§653.1. Trust deposits; death of depositor; payment

RS 653.1 - Trust deposits; death of depositor; payment  A. Upon the death of a member who has deposited a sum in any federal or state credit union account evidencing an intention that upon the death of the member, the funds shall belong to the named beneficiary or beneficiaries of the member, the federal or state credit union may pay the share account, together with the dividends or accruing interest, to the named beneficiaries for whom the deposit was made, and the federal or state credit union may rely conclusively thereon. Upon receiving a death certificate, the credit union may disburse funds to the named beneficiaries. Such beneficiaries shall be specifically named in the share account records of the federal or state credit union.  B. Repealed by Acts 2016, No. 64, §2.  C. Repealed by Acts 2009, No. 499, §2.  D.(1) When a share account described in Subsection A of this Section is established by more than one member, the respective interests of each member shall be deemed equal to that of each other member, unless otherwise stated in the federal or state credit union's share account records.  (2) When a share account described in Subsection A of this Section is established for more than one beneficiary, the respective interests of each shall be deemed equal to that of each other beneficiary, unless otherwise stated in the federal or state credit union share account records.  E. No federal or state credit union paying a beneficiary in accordance with this Section shall be liable to the estate or any heir of the decedent nor shall the share account holder be liable for any estate, inheritance, or succession taxes which may be due the state, and delivery of the funds shall constitute a full and complete discharge of the federal or state credit union for the payment or delivery so made and shall relieve the federal or state credit union from all adverse claims thereto by a person claiming as a surviving or former spouse or a successor to such a spouse.  F. The provisions of this Section shall apply notwithstanding the fact the decedent designates a beneficiary by last will and testament.  Acts 1991, No. 535, §1; Acts 2001, No. 887, §1, eff. June 26, 2001; Acts 2009, No. 499, §§1 and 2; Acts 2016, No. 64, §§1, 2.
LA Rev Stat § 6:653.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§653.3. Ownership of shares

RS 653.3 - Ownership of shares A credit union may conclusively rely on any membership application, agreement, or signature card used to establish a share account as establishing ownership of any shares and other credits deposited therein, and may consider and treat any funds on share in such an account as belonging to and the sole and exclusive property of the member or members named on the account membership application, agreement, or signature card, unless otherwise notified or directed by such member or members. Acts 1995, No. 293, §1.
LA Rev Stat § 6:654 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§654. Rates of interest

RS 654 - Rates of interest A. Notwithstanding any other provision of the law to the contrary, a credit union may lend to its members at such maximum fixed rates or maximum variable rates of interest, as provided for in the bylaws of the credit union, which have been approved by the commissioner of financial institutions. An endorser, guarantor, or co-maker shall be subject to the same interest charge as a member of the credit union. B. Notwithstanding any other provision of the law to the contrary, with respect to a loan to a member pursuant to an open-end credit, revolving credit, or line of credit loan account, a credit union may contract to receive and collect a finance charge, which may be such maximum fixed rates or maximum variable rates of interest in any amount, as provided for in the credit union bylaws, which have been approved by the commissioner of financial institutions. The finance charge may be added to the loan balance on the monthly due date or monthly billing date or the proportionate part due may be added when a new advance is made. C. Notwithstanding any other provision of the law to the contrary, a credit union may provide in the bylaws for fees and costs incidental to the making of loans and for late charges, which have been approved by the commissioner of financial institutions. Amended by Acts 1954, No. 530, §1; Acts 1972, No. 160, §1; Acts 1975, No. 653, §3; Acts 1979, No. 487, §1; Acts 1980, No. 210, §1; Acts 1982, No. 436, §1.
LA Rev Stat § 6:655 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§655. Power to borrow

RS 655 - Power to borrow A. A credit union may borrow from any source, but the total of such borrowing at no time shall exceed fifty percent of its paid in and unimpaired capital and surplus. B. The limitation in Subsection A of this Section shall not apply to a central or corporate credit union. However, the borrowing limitations of a central or corporate credit union shall be provided for in its bylaws as approved by the commissioner. Amended by Acts 1954, No. 530, §1; Acts 1983, No. 351, §1.
LA Rev Stat § 6:657 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§657. Repealed by Acts 2001, No. 887, §2, eff. June 26, 2001.

RS 657 - Repealed by Acts 2001, No. 887, §2, eff. June 26, 2001.
LA Rev Stat § 6:658 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§658. Dividends

RS 658 - Dividends A. At such intervals as the board of directors may authorize and after provision for the required reserve and subject to applicable federal regulations, the board of directors may declare a dividend to be paid, at different rates on different types of shares, and at different rates and maturity dates in the case of share certificates, from the remaining net earnings. Dividend credit may be accrued on various types of shares and share certificates as authorized by the board of directors. B. Provided no credit union shall declare or pay any dividends on its shares except from current net earnings, and undivided profits. Provided, further, that in the event of delinquency in loans there shall be no dividends paid unless the reserve fund shall be equal to or in excess of the sum of 10 percent of the unpaid balance of loans delinquent more than two months and less than six months, plus twenty-five percent of the unpaid balances of loans delinquent from six months to less than twelve months, plus fifty percent of the unpaid balances of loans delinquent from twelve months to less than eighteen months, plus one hundred percent of the unpaid balances of loans delinquent eighteen months or more; provided, further, that in the event the legal reserve fund does not equal the amount required as hereinabove set forth, then and in that event the reserve fund shall be supplemented by a special reserve for delinquent loans in an amount which will make the reserve fund and the special reserve equal to the sum required in accordance with the schedule hereinabove set forth. Amended by Acts 1954, No. 530, §1; Acts 1970, No. 401, §6; Acts 1975, No. 653, §3; Acts 1977, No. 165, §1.
LA Rev Stat § 6:659 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§659. Expulsion and withdrawal of members

RS 659 - Expulsion and withdrawal of members  A.(1) At any regularly called meeting the members may, by a two-thirds vote of those present, expel any member from the corporation for cause. A member may withdraw from a credit union, as provided in this Chapter, by filing a written notice of his intention.  (2) A credit union may expel a member for cause, pursuant to a written policy adopted by its board of directors. This expulsion may occur solely by board action, without the necessity of a meeting of the members. For the purposes of this Section, "cause" includes conduct by the offending member that caused a loss to the credit union, violated the membership agreement or any policy or procedure adopted by the board of directors, or exhibited inappropriate behavior such as physical or verbal abuse of other credit union members or staff.  (3) Any person so expelled shall have the right to file a written request to the board of directors to reconsider the expulsion.  B. All amounts paid in on shares of an expelled or withdrawing member with any dividends credited to his share to the date of expulsion or withdrawal shall be paid to the member, but only as funds for this become available and only after deducting any amount due to the corporation by the member. All deposits and shares of an expelled or withdrawing member, with any interest accrued, shall be paid the member subject to sixty days notice, and any amounts due to the corporation by the member shall be deducted. The member when withdrawing shares has no further right in the credit union or to any of its benefits, but the expulsion or withdrawal does not relieve the member from any remaining liability to the corporation.  Acts 2019, No. 188, §1.
LA Rev Stat § 6:659.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§659.1. Inactive accounts

RS 659.1 - Inactive accounts Notwithstanding any other provision of law to the contrary, if any credit union domiciled in Louisiana is unable to contact a member, beneficiary or other person via first class mail at the last address shown on the records of the credit union, and if such inability continues for a period of more than two years, all shares, dividends and other sums not in excess of one hundred dollars due to or standing in the name of such member, beneficiary, or other person may, by action of the board of directors, be credited to the reserve for inactive accounts of the credit union, and thereafter no dividends will accrue thereto. The members shall have the right to reclaim any such sums after such action of the board of directors. This provision shall not apply to shares, dividends and other sums due to or standing in the name of two or more persons unless the credit union is unable to contact any of such persons in the manner and during the period specified in this provision. Added by Acts 1968, No. 180, §3. Amended by Acts 1974, No. 598, §4.
LA Rev Stat § 6:659.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§659.2. Federally insured credit unions; abandonment of safety deposit box

RS 659.2 - Federally insured credit unions; abandonment of safety deposit box  The provisions of R.S. 6:327 and 327.1 shall apply to abandonment of a safety deposit box leased from a federally insured credit union.  Acts 2019, No. 188, §1; Acts 2020, No. 236, §1.
LA Rev Stat § 6:661 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§661. Change of place of business

RS 661 - Change of place of business A credit union may change its place of business upon written notice to the commissioner.
LA Rev Stat § 6:661.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§661.1. Branch offices

RS 661.1 - Branch offices A. A credit union which meets all of the following criteria may open one or more branch offices, without prior approval of the commissioner, by giving the commissioner at least ten days notice prior to the opening of the branch office: (1) The most recent credit union examination rating is two or better. (2) The aggregate investment of the credit union in fixed assets, including any additional investment associated with the proposed branch office, is less than fifty percent of its total capital and reserves. (3) The net worth ratio of the credit union is at least seven percent as of the previous quarter-end. B. If a credit union does not meet the requirements of Subsection A of this Section, the credit union shall file an application for approval with the commissioner in the manner and form prescribed by him to open a branch office. If the application is denied, the credit union may appeal the decision in the same manner as provided for in R.S. 6:131 et seq. Acts 2001, No. 887, §1, eff. June 26, 2001; Acts 2003, No. 362, §1, eff. June 18, 2003.
LA Rev Stat § 6:662 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§662. Taxation

RS 662 - Taxation A credit union is an institution for savings. It, together with all accumulations therein, is not subject to taxation except as to immovable property owned. The shares of a credit union are not subject to a stock transfer tax when issued by the corporation or when transferred from one member to another. No fees or taxes nor any of the stipulations as to capital stock set forth in general statutes for corporations apply to credit unions.
LA Rev Stat § 6:662.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§662.1. Fiscal agents and depositories

RS 662.1 - Fiscal agents and depositories Each credit union organized under this Chapter, when requested by the secretary of the treasury, may act as fiscal agent of the United States and may perform such services as the secretary of the treasury may require in connection with the collection of taxes and other obligations due the United States and the lending, borrowing and repayment of money by the United States, including the issue, sale, redemption or repurchase of bonds, notes, treasury certificates of indebtedness, or other obligations of the United States. Any credit union organized under this Chapter, when designated for that purpose by the secretary of the treasury, may be a depository of public money, except receipts from customs, under such regulations as may be prescribed by the secretary of the treasury. Added by Acts 1979, No. 487, §1.
LA Rev Stat § 6:663 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§663. Money deposited by minors

RS 663 - Money deposited by minors Money deposited in shares in credit unions doing business in this state by minors themselves may be drawn out by them upon their own signature without other authorization. The credit union shall prescribe limitations and procedures for minor accounts in the bylaws. Added by Acts 1950, No. 391, §1; Acts 1995, No. 293, §1.
LA Rev Stat § 6:665 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§665. Bylaws

RS 665 - Bylaws A. The members of a credit union may make, amend and repeal the by-laws of the credit union. This power may be expressly vested by the articles, or by a by-law adopted by the members, in the board of directors, subject always to the power of the members to change the action of the directors. Unless the articles or by-laws provide otherwise, the powers hereby conferred shall be exercised by a majority vote of the directors or the members of the credit union, as the case may be, present at any regular or special meeting convened after at least ten days' notice, and the notice has contained a copy of the proposed by-laws or proposed amendment or amendments. B. No by-laws or amendments of the by-laws shall become effective, however, until approved in writing by the commissioner. C.(1) Notwithstanding Subsection B of this Section, a credit union may amend its bylaws through a field of membership expansion by providing written notice to the commissioner in the manner and on a form prescribed by him, if the credit union meets all the criteria below: (a) The most recent credit union examination rating is two or better. (b) The net worth ratio of the credit union is at least seven percent as of the previous quarter-end. (c) The group proposed for membership consists of five hundred or fewer individuals. (2) However, the commissioner may issue a written notice of disapproval within ten days after receiving such form, or longer time if the commissioner determines that additional information is required. Added by Acts 1954, No. 530, §1. Amended by Acts 1968, No. 180, §4; Acts 2003, No. 363, §1, eff. June 18, 2003.
LA Rev Stat § 6:666 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§666. Constitutionality

RS 666 - Constitutionality If any clause, sentence, paragraph or part of this Chapter for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder of said Chapter, but shall be confined in its operation to the clause, sentence, paragraph or any part thereof, directly involved in the controversy in which such judgment has been rendered. Added by Acts 1954, No. 530, §1.
LA Rev Stat § 6:667.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§667.1. Powers, privileges, and exemptions of federal credit unions

RS 667.1 - Powers, privileges, and exemptions of federal credit unions A. Unless federal laws or regulations provide otherwise, federal credit unions and federally insured credit unions and the members thereof shall possess all of the rights, powers, privileges, benefits, immunities, and exemptions that are now provided or hereafter may be provided by the laws of this state for credit unions organized under the laws of this state and for the members thereof. This provision is additional and supplemental to any provision which by specific reference is applicable to federal credit unions and the members thereof. B. Credit unions organized under the laws of this state and the members thereof shall possess all of the rights, powers, privileges, benefits, immunities, and exemptions that are now granted or hereafter may be granted by this state, its agencies and subdivisions, by virtue of federal law, including the Federal Credit Union Act as amended, to federal credit unions and the members thereof. C. Credit unions organized under the laws of another state and the members thereof, shall possess all of the rights, powers, privileges, benefits, and immunities and exemptions that are provided or hereafter may be provided by the laws of this state for credit unions organized under this Chapter and for the members thereof; provided credit unions organized in this state are granted the same rights, powers, privileges, benefits and immunities and exemptions that are provided the credit unions of that state. Added by Acts 1975, No. 653, §4. Amended by Acts 1981, No. 166, §1; Acts 1983, No. 351, §1; Acts 1989, No. 495, §5.
LA Rev Stat § 6:667.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§667.2. Annual report

RS 667.2 - Annual report A. On or before May 15 of each year, the president, treasurer, or other proper officer, or any two directors of each credit union doing business in this state, shall make and sign a report to the commissioner of financial institutions, stating: (1) The post office address and the municipal address or location, which shall not be a post office box only, of its registered office. (2) The name and post office address and municipal address or location, which shall not be a post office box only, of each registered agent. (3) The names and municipal addresses, which shall not be a post office box only, of all its directors, and officers, and when the term of each expires. (4) The name and address of the government agency or other corporation insuring the shares of its members. B. Credit unions with their principal office in the state of Louisiana may file a copy of the Report of Officials, NCUA Form 9610, to satisfy the requirements of this Section. Acts 1985, No. 65, §2.
LA Rev Stat § 6:667.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§667.3. Records as evidence

RS 667.3 - Records as evidence A. An official record of a member's account in a credit union doing business in this state, or an entry therein, when admissible for any purpose, may be evidenced by a copy attested by the officer having legal custody of the member's records. B. Notwithstanding any law or provision to the contrary, with respect to any power exercised by credit unions, each reproduction, as defined in R.S. 13:3733.1(A), shall be an original as defined in Article 1001 of the Louisiana Code of Evidence, and under any other similar codes of evidence or other evidentiary laws or rules of any other jurisdiction. Acts 1985, No. 65, §2; Acts 2014, No. 440, §1, eff. July 1, 2014.
LA Rev Stat § 6:668 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§668. Criminal Penalties

RS 668 - Criminal Penalties Whoever knowingly makes any false statement or report for the purpose of influencing in any way the action of a credit union organized under this Chapter, upon any application, or loan, or any change or extension of any of the same, by refinance or otherwise, or the acceptance, release or substitution of security therefor, shall be fined not more than one thousand dollars or imprisoned not more than one year, or both. Acts 1970, No. 401, §7.
LA Rev Stat § 6:669 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§669. Short title

RS 669 - Short title This Chapter shall be known and may be referred to as the "Louisiana Credit Union Law". Added by Acts 1976, No. 319, §2.
LA Rev Stat § 6:701 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§701. Applicability

RS 701 - Applicability This Chapter is enacted under the legislature's police power and reserved constitutional power to enact law for the regulation of associations, and shall be effective as to all associations heretofore or hereafter incorporated or authorized to transact business in this state. Acts 1983, No. 675, §1.
LA Rev Stat § 6:702 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§702. Short title

RS 702 - Short title  This Chapter shall be known as and cited as the Louisiana Savings and Loan Association Law.  Acts 1983, No. 675, §1.
LA Rev Stat § 6:704 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§704. Organization

RS 704 - Organization Any number of natural persons, not less than five, who are residents of the state, may organize an association. Acts 1983, No. 675, §1.