reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:1233 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1233. Effect of unauthorized investments

RS 1233 - Effect of unauthorized investments A. Every loan or other investment made in violation of this Chapter shall be due and payable according to its terms, and the obligation thereof shall not be impaired. B. Every director or officer of a savings bank who knowingly shall violate, participate in, or assent to, or who knowingly shall permit any of the officers or agents of the savings bank to make investments not authorized by this Chapter, shall be liable individually for all damage which the savings bank may sustain in consequence of such violation, in addition to any criminal penalties prescribed by this Title. C.(1) The commissioner may require every director or officer of a savings bank who knowingly shall violate, participate in, or assent to, or who to knowingly shall permit any of the officers or agents of the savings bank to make investments not authorized by this Chapter, to deposit with the savings bank an indemnity bond, insurance, or collateral of a kind and amount sufficient to indemnify the savings bank against damages which the savings bank may sustain in consequence of such violation. (2) The amount considered sufficient to indemnify the savings bank shall, in the case of an unauthorized investment, be the difference between the book value and the market value of the investment at the time the commissioner makes his determination that such investment is unauthorized. The amount considered sufficient to indemnify the savings bank, in the case of an unauthorized loan, shall be the difference between the book value of the loan and the amount that could have been made under the provisions of this Chapter. (3) Whenever an unauthorized investment has been sold or disposed of without recourse, the commissioner shall release all or such part of the indemnity after deducting any loss. Whenever the balance of an unauthorized loan has been reduced to an amount which would permit such loan to be made under the provisions of this Chapter, the indemnity shall be released, provided that the commissioner in making such determination may require an independent appraisal of the security. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1234 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1234. Acknowledgments

RS 1234 - Acknowledgments No acknowledgment of a deed, mortgage, or other instrument shall be invalid because such acknowledgment was taken before an officer authorized by the laws of this state to acknowledge conveyances who is also a member, director, employee, or officer of a savings bank which is a party to such deed, mortgage, or other instrument. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1236 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1236. Commissioner's regulations

RS 1236 - Commissioner's regulations A. The commissioner may make rules and regulations to determine permissible levels of investment and concentrations of assets permissible for savings banks applicable to all lending and investment authority granted by this Part. Such rules and regulations shall give due regard to capital adequacy, operating income, underwriting standards, risk inherent in the investment or loan, and competitive parity with other financial institutions. B. Violation of any of the provisions of this Part shall constitute an unsafe and unsound practice and may subject the savings bank or its directors, officers, or agents to enforcement actions, civil money penalties, or other sanctions as provided in this Title. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1237 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1237. Change in control

RS 1237 - Change in control A. Any person acting directly or indirectly or through or in concert with one or more persons, shall give the commissioner sixty days written notice of intent to acquire control of ten percent or more of a savings bank or savings bank affiliate operating under this Chapter. The commissioner shall promulgate rules to implement this provision, including definitions, application, procedures, and standards for approval or disapproval. B. The commissioner may examine the books and records of any person giving notice of intent to acquire control of ten percent or more of a savings bank operating under this Chapter. C. The commissioner may approve or disapprove an application for change of control. In either case, such decision shall issue within thirty days of filing of the initial application. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1251 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1251. Withdrawable accounts; general definitions

RS 1251 - Withdrawable accounts; general definitions Withdrawable accounts may be referred to as shares, share capital, share accounts, share deposits, certificates of deposit, withdrawable shares, withdrawable accounts, withdrawable capital, withdrawable deposits, deposits, capital accounts, savings accounts, demand deposit accounts, checking accounts, or any other term or terms appropriate. Interest paid on withdrawable accounts pursuant to this Chapter may be referred to as dividends, earnings, interest, return, or rate of return. The use of any term permitted by this Part shall not affect any right, duty, privilege, or liability which the savings bank or any depositor would otherwise have. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1252 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1252. Prohibited activities

RS 1252 - Prohibited activities A. No savings bank shall participate, directly or indirectly, in the sale or transfer of any equity or debt security or instrument of any affiliate of the savings bank or the parent holding company of the savings bank or its affiliates. B. No shareholder, director, officer, employee, or agent of the savings bank shall participate, directly or indirectly, in any sale or transfer as described in Subsection A of this Section, nor shall he allow any other person to do so, on the premises of the savings bank, any of its branch or facility offices, agency offices, or any office of the savings bank's subsidiaries or service corporations. C. Violation of this prohibition shall subject the person committing such violation to assessment of civil money penalties as provided for in this Title. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1253 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1253. Withdrawable accounts

RS 1253 - Withdrawable accounts A. Withdrawable accounts shall be: (1) Withdrawable and subject to enforced retirement as provided in this Part. Nothing in this Chapter shall prevent the withdrawal of funds from a savings bank by nonnegotiable order; (2) Entitled to interest as provided in this Part; (3) Nonassessable for either debts or losses of the savings bank; and (4) Issued in such series or classes as the bylaws and commissioner's regulations may provide. B. There shall be no penalty, such as loss of interest thereon, on accounts transferred at interest or dividend payment date from passbook types to certificates of deposit within the same savings bank and not otherwise inconsistent with regulations of the Federal Deposit Insurance Corporation. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1254 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1254. Issuance, delivery, and transfer of certificates and account books

RS 1254 - Issuance, delivery, and transfer of certificates and account books A. Every withdrawable account shall be evidenced by one or more appropriate certificates or account book; and either such certificates or an account book, or both, shall be delivered to the holder of such account. The wording, type, and form of the certificates and account books issued by a savings bank shall be subject to the prior written approval of the commissioner. B. The holder of a withdrawable account may transfer his rights therein absolutely or conditionally to any other person eligible to hold the same by written assignment accompanied by delivery of the appropriate certificate or account book. Notwithstanding the effectiveness of such a transfer between the parties thereto, the savings bank may treat the holder of record as the owner of the account for payment, voting, and all other purposes until such assignment and any accompanying certificate or account book have been received by the savings bank with a request for the transfer on the savings bank's records. C. All withdrawable account certificates and account books, delivered to the holders as prescribed by this Part, shall be subject to attachment and execution as provided by the laws of this state, and the savings bank shall not be subject to garnishment proceedings concerning any account, except with respect to a certificate or account book in the savings bank's possession, and when: (1) Neither a certificate nor an account book has been delivered to the holder as required by this Part; or (2) The certificate and account book, or either of them if only one has been delivered, have been returned to the savings bank's possession. D. If the holder of a withdrawable account, or the personal representative of any such person, shall file with the savings bank an affidavit to the effect that his account book or certificate has been lost or destroyed and that such account book or certificate has not been pledged or assigned either in whole or in part, then such savings bank may issue a substitute account book or certificate in the name of such holder, with a statement therein that such account book or certificate is issued in lieu of the one lost or destroyed. The savings bank shall not be liable thereafter with respect to the original account book or certificate. The board of directors may require a bond in sufficient amount to indemnify the savings bank against any loss which might result from the issuance of such substitute account book or certificate. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1255 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1255. Joint account; trust account; payment on death account

RS 1255 - Joint account; trust account; payment on death account A. If two or more persons opening or holding a withdrawable account shall execute a written agreement with the savings bank providing that the account shall be payable to any one of them or the survivor of them, the account, and any balance thereof which exists from time to time, shall be held by them as joint owners, and, unless otherwise agreed, any payment by the savings bank to any of such persons shall be a complete discharge of the savings bank's obligation as to the amount so paid. A pledge of such account by any holder or holders including minors authorized to withdraw amounts from such accounts shall, unless otherwise specifically agreed, be a valid pledge and transfer of the account and shall not operate to sever or terminate the joint and survivorship ownership of all or any part of the account. B. No addition to any account, nor withdrawal, payment, revocation, or change of beneficiary or payee, shall affect the nature of the account as a joint account with right to survivorship, trust account, or payment on death account. C. Any savings bank may continue to recognize the authority of any mandatary authorized in writing to manage or to make withdrawals either in whole or in part from the withdrawable account of a member until it receives written notice or actual notice of the death or adjudication of the legal interdiction of such member or revocation of the authority of such mandatary. Any payment by the savings bank to a mandatary prior to receipt of such notice shall be a complete discharge of the savings bank's obligation as to the amount so paid. D. Any savings bank may offer payment on death accounts in accordance with the procedures, requirements, and protections provided in R.S. 6:314 or 766.1. Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2009, No. 499, §1.
LA Rev Stat § 6:1256 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1256. Effect of payment to minor or fiduciary

RS 1256 - Effect of payment to minor or fiduciary A. Unless the written agreement provides otherwise, or unless the savings bank has had written notice of the terms under which a fiduciary holds a withdrawable account, the savings bank may make loans on the security of withdrawable accounts or pay the value thereof and interest thereon to any minor who is a holder of such withdrawable account or to such fiduciary who is the holder of such account without becoming liable to any beneficiary for such payment. In each of the foregoing instances, the receipt or acquittance of the person or persons to whom payment is made in accordance with the provisions of this Part shall be a complete discharge of the savings bank's obligation as to the amount so paid. B. In the case of a minor, the receipt, acquittance, pledge, or other action required by the savings bank to be taken by the minor shall be binding upon such minor with like effect as if such minor were of full age and legal capacity. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1257 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1257. Payment on legal disability or death of holder in holder's own right of a withdrawable account

RS 1257 - Payment on legal disability or death of holder in holder's own right of a withdrawable account A. If the holder of a withdrawable account is adjudicated to be a person under legal interdiction by a court of competent jurisdiction, then the savings bank may pay the value of such withdrawable account and interest thereon to the curator of such holder upon his appointment and qualification, in accordance with R.S. 6:766. B. Upon the death of a holder of a withdrawable account, the savings bank may pay the value thereof and interest thereon to the representative of such deceased holder if and when qualified, in the manner provided in this Chapter for the voluntary withdrawal of accounts generally, and in accordance with R.S. 6:767. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1258 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1258. Voluntary withdrawal of accounts

RS 1258 - Voluntary withdrawal of accounts A. A holder of a withdrawable account may make application to withdraw it and the savings bank may pay all or any part of the withdrawal value thereof at any time. However, a savings bank may enter into a contract pursuant to the laws of the United States or this state which may provide, among other things, that no withdrawal may be made except as provided by the law specifically referred to in the contract or the certificate of withdrawable account. B. If a savings bank does not pay all withdrawals in full, subject to the right of the savings bank to require notice, the payment of withdrawals from withdrawable accounts shall be subject to such rules and procedures as may be prescribed by the savings bank's articles of incorporation and bylaws or by regulations of the commissioner. Any savings bank that fails to make full payment of any withdrawal when due shall be deemed to be in an unsafe or unsound condition. C. Withdrawable accounts pledged as sole security for a loan shall be subject to the withdrawal provisions of this Part, but amounts available for payment on the application for withdrawal shall be applied first to the repayment of the loan balance. D. Withdrawable accounts may be accepted by the savings bank in payment or part payment for any real estate or other assets owned by the savings bank. However, if the savings bank has a list of requests for withdrawals and matured certificates, which it cannot find, such sale of assets shall be to the highest bidder, and at least ten days notice of the proposed sale shall be given by mail to all holders of withdrawable or matured accounts whose names appear on the withdrawal or maturity list. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1259 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1259. Enforced retirement of withdrawable accounts

RS 1259 - Enforced retirement of withdrawable accounts A. The board of directors, when authorized by the bylaws and in conformity with the provisions of this Part and of the bylaws, may retire any withdrawable accounts which have not been pledged as security for loans by enforcing the retirement thereof. B. A thirty-day notice of such enforced retirement shall be given to the holder of an account to be retired, and after the expiration of such thirty-day period, the holder shall not be entitled to further interest but shall be paid the full withdrawal value of his account, plus such additional interest as the board of directors may determine to be equitable and within the bearing rate of the savings bank, less any unpaid charges. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1260 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1260. Authorized charges

RS 1260 - Authorized charges A. A savings bank may charge a penalty for nonpayment when due, of installments, interest, or premiums on loans. B. A savings bank may make such charges or receive reimbursement for any expenses, other than ordinary business expenses, incurred by it or as provided by any contract. C. All fees, charges, and penalties collected shall be accounted for as a part of the receipts of the savings bank. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1261 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1261. Withdrawable accounts subject to liens

RS 1261 - Withdrawable accounts subject to liens Every withdrawable account shall be subject to a lien for the payment of such charges as lawfully may accrue thereon under the provisions of this Chapter, and the bylaws may prescribe the manner of enforcing such lien, but no withdrawable account shall be assessable for any losses which the then existing assets of the savings bank shall not be sufficient to satisfy. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1262 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1262. Demand deposits; checking account

RS 1262 - Demand deposits; checking account A. A savings bank may offer demand deposit amounts, checking accounts, or any similar account upon which withdrawals may be made by negotiable order, check, or draft. B. A savings bank may pay interest on demand deposit, checking, or any similar account in accordance with the Part of this Chapter pertaining to payment of interest. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1263 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1263. Payment of interest

RS 1263 - Payment of interest A. The board of directors shall determine the rate and amount of interest to be paid on withdrawable accounts and for that purpose may establish reasonable classifications of withdrawable accounts, based on: (1) Types of classes of such accounts; (2) The length of time accounts are continued in effect; (3) Size of initial payments on accounts; (4) Minimum balances of accounts required for payment of interest; (5) Frequency and extent of the activity of accounts; or (6) Such other classifications as the commissioner may approve. B. Interest need not be allocated to any withdrawable account which has a withdrawal value of less than ten dollars on the record date with respect to which interest is paid. C. The board of directors shall determine by resolution the method of calculating the amount of any interest on withdrawable accounts and the date on which the same is to be paid or credited. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1264 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1264. Holders of withdrawable accounts

RS 1264 - Holders of withdrawable accounts Withdrawable accounts of a savings bank may be held: (1) By any individual in his own right, regardless of his age or marital status, or by two or more of such individuals; (2) By a fiduciary when authorized by law; (3) By a government or governmental instrumentality when authorized by law; or (4) By any corporation or other person when not prohibited by law. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1271 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1271. Amendment of articles

RS 1271 - Amendment of articles A savings bank may amend and restate its articles of incorporation in accordance with the procedure set forth in Part III of Subchapter A of Chapter 3 of this Title. Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2003, No. 577, §1, eff. June 27, 2003.
LA Rev Stat § 6:1272 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1272. Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.

RS 1272 - Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.
LA Rev Stat § 6:1273 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1273. Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.

RS 1273 - Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.
LA Rev Stat § 6:1274 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1274. Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.

RS 1274 - Repealed by Acts 2003, No. 577, §2, eff. June 27, 2003.
LA Rev Stat § 6:1275 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1275. Effect upon existing articles and bylaws

RS 1275 - Effect upon existing articles and bylaws Any adopted or amended articles which contain provisions contrary to the savings bank's bylaws, shall serve to repeal the particular bylaws without further action by the board. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.