reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:1151 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1151. Definitions

RS 1151 - Definitions A. "Savings bank holding company" means any stock or mutual company which directly or indirectly or acting in concert with one or more other persons or through one or more subsidiaries, owns, controls, holds with power to vote, or holds proxies representing more than twenty-five percent of the voting shares or rights of any savings bank or savings bank holding company or controls in any manner, whether by holding of proxies or otherwise, the election of a majority of the directors of any savings bank or savings bank holding company. Notwithstanding the foregoing, no company shall be deemed to have control of, or over, a savings bank or holding company: (1) By virtue of its ownership or control of shares in a fiduciary capacity arising in the ordinary course of its business; (2) By virtue of its ownership or control of shares acquired by it in connection with its underwriting of securities which are held only for such period of time as will permit the sale thereof upon a reasonable basis; (3) By virtue of its holding any shares as collateral taken in the ordinary course of securing a debt or other obligation; (4) By virtue of its ownership or control of shares acquired in the ordinary course of collecting a debt or other obligation previously contracted in good faith, until five years after the date acquired; or (5) By virtue of its voting rights with respect to shares of any savings bank or holding company acquired in the course of a proxy solicitation in the case of a company formed and operated for the sole purpose of participating in a proxy solicitation. B. "Louisiana savings bank holding company" means a savings bank holding company whose principal place of business is in Louisiana and which is not controlled, directly or indirectly, by another savings bank holding company whose principal place of business is outside Louisiana. C. "Out-of-state savings bank holding company" means a savings bank holding company whose principal place of business is in a state other than Louisiana. D. "Principal place of business" of a savings bank holding company means the state in which the total deposits of all offices of all subsidiaries are the largest as shown by the most recent reports of condition filed with state or federal regulatory authorities. E. "Subsidiary of an individual or company" means any company which is controlled by such person or by a company which is a subsidiary of such person by virtue of this Section. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1152 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1152. Implementation

RS 1152 - Implementation The commissioner of financial institutions shall have the power to enact and promulgate rules and regulations as may be necessary or appropriate to implement the provisions of this Chapter. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1161 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1161. Application for permit to organize

RS 1161 - Application for permit to organize A. Savings banks shall be organized and incorporated in the same manner as state banks under the provisions of Chapter 3 of Title 6 of the Louisiana Revised Statutes of 1950. B. Not less than five natural persons may organize a savings bank under this Chapter. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1162 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1162. Content of application for permit to organize

RS 1162 - Content of application for permit to organize The application for a permit to organize shall be on forms required by the commissioner and shall include such information as he shall require, including but not limited to the following: (1) The name, address, social security number, date of birth, business address, home address, place of birth, and occupation of each organizer. (2) The name of the proposed savings bank. (3) The address of the headquarters, main business office, and branch offices and branches, if known, of the proposed savings bank. Such information shall include any real estate interests of the organizers which may be involved with any of these locations. (4) The anticipated duration of the proposed savings bank which may be perpetual. (5) The proposed articles of incorporation and bylaws. (6) The number of shares of capital stock, the number of shares and classes of preferred stock if any, par value of each type of stock which may not be less than one dollar, the number of shares to be sold, and the per share initial asking price of each share. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1163 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1163. Contents of articles of incorporation

RS 1163 - Contents of articles of incorporation A. The articles of incorporation shall set forth: (1) The name of the savings bank, which may be called an association; (2) The initial location of the business office; (3) The duration of existence, which is perpetual unless otherwise specified; (4) The initial number of directors which shall be not less than five; (5) The authorization, if any, to issue withdrawable shares, the aggregate amount of which may be unlimited; (6) The authorization, if any, to issue stock, the aggregate number thereof, and the par value per share, which shall not be less than one dollar; (7) The quorum required for action of members if a quorum other than that specified in this Chapter is desired; and (8) Any other provision, not inconsistent with law, which the subscribers or members may desire for the internal regulation of the affairs of the savings bank. B. The articles of incorporation need not set forth any of the powers which this Chapter confers. C. The commissioner of financial institutions may publish one or more standard forms of suggested articles of incorporation conforming to the provisions of this Chapter which may be adopted by savings banks. Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2001, No. 633, §1, eff. June 22, 2001.
LA Rev Stat § 6:1164 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1164. Contents of bylaws

RS 1164 - Contents of bylaws A. The bylaws of the savings bank shall provide for the following matters consistent with any applicable provisions of this Chapter: (1) The number of directors and the minimum frequency of directors' meetings, which shall be at least monthly; (2) The titles and duties of the officers; (3) The officers authorized, or who may be authorized, by the directors to execute instruments; (4) Repealed by Acts 1995, No. 248, §2, eff. June 14, 1995. (5) The fiscal year of the savings bank; (6) The location of the business office; and (7) The date of the annual meeting of the members which shall be not more than one hundred twenty days after the close of the savings bank's fiscal year. B. Such bylaws may provide also for any or all of the following matters, among others, consistent with any applicable provisions of this Chapter: (1) The method of calling special meetings of the members, requirements for giving notice of meetings of members in addition to the notice prescribed by this Chapter, and methods of nominating directors and other voting and election procedures; (2) The method of determining the record date for voting, dividends, and other purposes; (3) The procedure for the transfer of ownership of capital and for the enforcement of charges and liens; (4) The plan or plans under which withdrawable capital is to be issued; the classes into which it may be divided; and the characteristics of each class as to time of issuance, times, and amounts of payments to be made, classification for dividends, purposes, and such other terms as are permitted by this Chapter; (5) The method by which the directors may enforce retirement of unpledged withdrawable capital; (6) The frequency with which profits of the savings bank shall be apportioned and the methods of apportionment; and (7) Provision for establishment of executive, loan, investment and appraisal committees, and such other special or standing committees as may be desirable, and for an overall business plan for the savings bank. C. The commissioner may publish one or more standard forms of bylaws conforming to the provisions of this Chapter which may be adopted by savings banks. Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 1995, No. 248, §§1, 2, eff. June 14, 1995.
LA Rev Stat § 6:1165 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1165. Permit to organize

RS 1165 - Permit to organize A. The commissioner of financial institutions may require additional information and conduct whatever investigation he deems necessary to determine whether to issue a permit to organize, including the subpoena of books and records, taking of public testimony, and conduct of hearings. The applicants shall share the expense of such investigations. B. The commissioner shall find and declare, based on the record of application and his investigation, that: (1) The proposed management, business plan, and capitalization promise to meet regulatory requirements; (2) The application information is not in dispute; (3) The proposed name is not deceptively similar to that of any other financial institution within an area defined by regulation of the commissioner; and (4) The proposed business plan and capitalization promise to serve the needs of the community and its residents. C. Insurance of accounts shall be effective prior to issuance of a certificate of complete organization. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1166 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1166. Temporary organization and capital subscriptions

RS 1166 - Temporary organization and capital subscriptions A. Each applicant shall become a member of the organization committee and shall elect officers and directors of the savings bank in organization. B. The officers and directors shall secure subscriptions for capital, in the form of pledges to purchase stock. C. The officers and directors shall prepare articles of incorporation, bylaws, and other items as required by this Chapter. D. The directors shall apply for insurance of accounts and advise the commissioner of financial institutions of each filing, conference, and all correspondence accompanying and required by such a filing. E. The officers and directors shall take any other actions necessary to complete organization. F. The officers and directors shall furnish the commissioner with the names and addresses of all investors who subscribed to purchase stock. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1167 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1167. Certificate of organization; issuance; refusal

RS 1167 - Certificate of organization; issuance; refusal A. The commissioner of financial institutions shall issue a certificate of authority to transact banking business as a savings bank only upon the fulfillment of the requirements of this Chapter. B. If the commissioner finds that the public interest will not be served by permitting the organization of the proposed savings bank, that there is no need for additional banking facilities in the community where the savings bank is to be located, or that there is a lack of ability within the community to support additional banking facilities, he shall refuse to issue the certificate of authority. Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 1995, No. 248, §1, eff. June 14, 1995.
LA Rev Stat § 6:1168 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1168. REPEALED BY ACTS 1993, NO. 278, §1, EFF. JAN. 1, 1994.

RS 1168 - REPEALED BY ACTS 1993, NO. 278, §1, EFF. JAN. 1, 1994.
LA Rev Stat § 6:1181 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1181. Members

RS 1181 - Members A. The membership of a mutual savings bank shall consist solely of every depositor or holder of a withdrawable account issued by the savings bank. B. The members of a stock savings bank shall consist solely of the owners of its capital stock. Jointly owned stock shall constitute one membership. C. Any savings bank which had legal existence under another statute prior to September 1, 1990, and which, if it was organized on a mutual basis, included borrowers as members or, if its ownership was evidenced by stock, included borrowers and/or depositors as voting or nonvoting members, may retain that membership structure by resolution of its board of directors to be included in its application for a savings bank charter under this Chapter. Otherwise, borrowers may not be members of a savings bank operating under this Chapter and only mutual savings banks may include depositors as members. D. Joint ownership of an account constitutes one membership. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1182 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1182. Annual and special meetings

RS 1182 - Annual and special meetings  A. Dates of annual meetings of members or stockholders shall be specified in the bylaws. Failure to hold an annual meeting shall not cause a forfeiture or dissolution of the savings bank.  B. Special meetings may be called with not less than twelve hours' written or oral notice, by the board of directors, the holders of not less than twenty-five percent of the outstanding capital stock shares, by such other person as the bylaws may designate or by the commissioner. Every annual or special meeting shall be held at the business office of the savings bank, or by remote communication as provided in R.S. 12:1-709, or if the space is inadequate, in such other place within the same parish as shall be specifically designated in the notice of such meeting.  Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2021, No. 23, §1, eff. June 1, 2021.
LA Rev Stat § 6:1183 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1183. Notice of meetings

RS 1183 - Notice of meetings  A. Notice of an annual meeting shall be published once not less than ten days nor more than forty days before the date of the meeting. The notice shall also be displayed in a conspicuous place at the place of business of the savings bank in a manner which will assure that members of the general public will be provided an opportunity to read said notice. The notice shall state the time, place, and purpose of the meeting. If the state savings bank has authorized participation at a stockholders' meeting by means of remote communication as provided in R.S. 12:1-709, notice of the place shall include the means of remote communication to be used and any required access instructions.  B. For any special meeting, or for any annual meeting which is to consider any proposition which requires an affirmative vote of two-thirds of the members or stockholders, the notice shall be by mail, postmarked between ten and forty days before the date of the meeting, and shall also be posted at the savings bank's offices as if for an annual meeting, beginning on the date notice is given. All notices shall state the time, place, and purpose of the meeting.  C. Notwithstanding any other provision of law to the contrary, the articles of incorporation or bylaws of a savings bank may authorize or require delivery of notices of meetings and other communications to members or stockholders by electronic transmission to the same extent and in the same manner as permitted for a Louisiana corporation in accordance with R.S. 12:1-141.  Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2018, No. 88, §1, Acts 2021, No. 23, §1, eff. June 1, 2021.
LA Rev Stat § 6:1184 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1184. Quorum of annual or special meetings

RS 1184 - Quorum of annual or special meetings The articles of incorporation may specify a quorum requirement, but it shall not be less than one-third of the total number of votes entitled to be voted at such meeting. Any meeting, including one at which a quorum is not present, may be adjourned by majority vote of those present to a specified date without future notice. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1185 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1185. Voting

RS 1185 - Voting  A. Voting at a meeting may be either in person, by means of remote communication in accordance with R.S. 12:1-709, or by proxy executed in writing by the member or stockholder or by his duly authorized attorney-in-fact.  B. In the determination of all questions requiring ascertainment as to who is entitled to vote and of the number of outstanding shares, the following rules shall apply:  (1) The date of determination shall be the record date for voting provided in this Chapter.  (2) Except as otherwise provided for in the articles of incorporation or bylaws, each person holding one or more withdrawable accounts in a mutual savings bank shall have the vote of one share for each one hundred dollars of the aggregate withdrawal value of such accounts and shall have the vote of one share for any fraction of one hundred dollars held in each of such accounts based upon the average daily deposits in said account for the thirty days prior to the record date. However, no member shall cast more than five hundred votes.  (3) Each holder of capital stock held shall have one vote for each share held.  (4) Shares owned by the savings bank shall not be counted or voted.  (5) A savings bank authorized to issue stock shall provide in its articles of incorporation that voting rights may be vested exclusively in stockholders.  Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 2007, No. 15, §1, eff. June 18, 2007; Acts 2021, No. 23, §1, eff. June 1, 2021.
LA Rev Stat § 6:1186 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1186. Record date for voting, dividend, and other purposes

RS 1186 - Record date for voting, dividend, and other purposes A. For the purposes of determining the holders of stock, capital accounts, and membership entitled to notice of, or to vote at, any meeting of the members, or in order to make a determination of the members, holders, or other persons for any other proper purpose, the bylaws may provide for a record date, not less than ten days nor more than forty days before the meeting or other event or transaction with regard to which the determination is to be made. This determination shall be made as of the close of business on such record date. B. If the bylaws do not provide for a record date, the board of directors may fix such a date for each such determination within such time. If the board of directors fails to fix such a date, the record date for a meeting shall be the date on which the first notice of meeting is given. C. Shares of stock or withdrawable accounts withdrawn or retired after such record date shall not be voted or counted in determining the number of shares outstanding. This Part shall be applicable to the dividend payments on capital stock, but dividends on withdrawable accounts shall be governed by R.S. 6:1207. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
LA Rev Stat § 6:1187 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1187. Proxies

RS 1187 - Proxies  A. Voting at a meeting may be either in person, by means of remote communication in accordance with R.S. 12:1-709, or by proxy executed in writing by the member or shareholder or by his duly authorized attorney-in-fact.  B. No proxy shall be valid:  (1) After eleven months from the date of its execution, unless otherwise provided in the proxy.  (2) Unless executed in an instrument separate from other forms or documents relating to the member's accounts.  (3) For any meeting at which the member who gave it is present, provided that notice of his presence is given by the member in writing, prior to the taking of any vote, to an official whom the savings bank shall identify at the meeting as having responsibility for such matter.  (4) Unless the member giving the proxy is told by the person to whom it is given that the proxy is optional and that the voting rights it represents may be exercised by the member himself.  (5) Unless the proxy is filed with the secretary of the savings bank for verification at least forty-eight hours prior to the time of the meeting at which the proxy is to be voted or at such other time as the articles or bylaws of the savings bank may provide.  Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 1997, No. 42, §1; Acts 2021, No. 23, §1, eff. June 1, 2021.
LA Rev Stat § 6:1188 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§1188. Directors

RS 1188 - Directors  A. The business and affairs of the savings bank shall be exercised by its elected board of directors.  B.(1) The board of directors shall consist of the number of directors fixed by the bylaws, but shall not be less than five nor more than twenty. No more than one-half of the directors shall be salaried employees of the savings bank.  (2) The articles of incorporation of the savings bank may provide that the board of directors shall be divided into three classes of as nearly equal numbers of directors as possible. The term of office of the first class shall expire at the first annual meeting that follows such division; of the second class, at the second such meeting; and of the third class, at the third such meeting. At each annual meeting following such division, directors shall be elected for a full-term of three years to succeed those whose terms expire at such meeting. No director shall be elected for a longer single term than three years.  C. The provisions of R.S. 6:282 and 285 and the rules and regulations promulgated thereunder shall be applicable to savings banks in the same manner as they are applicable to banks.  D. Repealed by Acts 2001, No. 637, §2, eff. June 22, 2001.  E. Immediately following their election, and in every case before assuming the duties of their office, all directors of a stock or mutual savings bank shall take an oath of office to discharge their duties as directors properly and conscientiously, which oath shall be subscribed to by the director making and taking it and entered into the minutes of the next regular or special meeting of the board of directors. The oath shall be retained in the records of the savings bank for examination by the commissioner. These oaths shall be in writing and on a form provided by the commissioner, and shall be renewed as to each director upon the occasion of each reelection to the board. The commissioner may suspend any director who fails to comply with this requirement, and no suspended director shall be reinstated, except for good cause shown after taking the oath.  F. Notwithstanding any other provision of law to the contrary, the articles of incorporation or bylaws of a savings bank may authorize or require delivery of notices of meetings and other communications to directors by electronic transmission to the same extent and in the same manner as permitted for a Louisiana corporation in accordance with R.S. 12:1-141.  Acts 1990, No. 816, §1, eff. Sept. 1, 1990; Acts 1993, No. 276, §1, eff. Oct. 1, 1993; Acts 1997, No. 66, §1;Acts 2001, No. 637, §§1 and 2, eff. June 22, 2001; Acts 2003, No. 72, §1, eff. May 28, 2003; Acts 2007, No. 15, §1, eff. June 18, 2007; Acts 2018, No. 88, §1.