reglab/housing_qa huggingface dataset:
LA Rev Stat § 6:705 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§705. Incorporation; articles of incorporation; content; bylaws

RS 705 - Incorporation; articles of incorporation; content; bylaws  A. Every association organized under this Chapter shall be incorporated and formed under written articles of incorporation. These articles shall be written in the English language and shall be signed by each incorporator or by an agent of each incorporator duly authorized by a document attached to the articles. The articles shall be acknowledged by any incorporator before a notary public and two witnesses, or may instead be executed by authentic act.  B. The articles shall set forth:  (1) The name of the corporation and the general nature of the business to be transacted or a statement that the corporation may engage in any activity or business permitted by this Chapter.  (2) The duration of the corporation, if other than perpetual.  (3) The place chosen for its domicile, which shall be in this state.  (4) The full name and address of each incorporator and, in the case of a capital stock association, the full name and address of each subscriber and the number of shares subscribed.  (5) The maximum and minimum number of directors and the mode of their election.  (6) Any provision which the incorporators may choose to insert for the regulation of the business and for the conduct of affairs of the corporation and any provision creating, dividing, limiting or regulating the powers of the corporation, the directors and the members or stockholders, or any class of members or stockholders, and also including, but not limited to, in the case of a capital stock association, provisions for cumulative voting for directors, and provisions governing the issuance of stock certificates to replace lost or destroyed certificates.  (7) In the case of capital stock association:  (a) The amount of capital stock authorized, showing the maximum number of shares of par value common stock and of preferred stock, of every kind, class, or series of each, together with the distinguishing characteristics and the par value of each.  (b) The amount of capital with which the corporation will begin business.  (c) A statement that stockholders shall have preemptive rights.  C. The articles may also contain any of the following:  (1) Any provision concerning the powers or rights of the corporation, the directors, or stockholders or members.  (2) Any other provision for the regulation of the business and conduct of the affairs of the corporation not prohibited by this Chapter or other laws of this state, including any provision authorized by R.S. 6:213(B)(3). The provisions of R.S. 6:213(B)(3) may be included in the articles of both mutual and stock associations.  (3) Authorization to adopt bylaws.  Acts 1970, No. 234, §1; Acts 1983, No. 675, §1; Acts 1987, No. 261, §4, eff. July 3, 1987; Acts 2015, No. 83, §1.
LA Rev Stat § 6:707 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§707. Capital stock; types of stock; consideration for issuance; security for loan

RS 707 - Capital stock; types of stock; consideration for issuance; security for loan A. A capital stock association shall not issue any shares of stock except those authorized by its articles of incorporation. Capital stock shall have the par value stated in the articles of incorporation and, with the prior approval of the commissioner, may consist of common stock and preferred stock, which may be divided into classes and the classes may be divided into series. Each kind, class, and series may have such distinguishing characteristics, including designations, preferences, or restrictions regarding dividends, redemption, voting powers, or restrictions or qualifications of voting powers as are imposed in the articles of incorporation. Restrictions and qualifications of voting powers so imposed shall control in any case in which any vote or consent of stockholders is now or hereafter required by law, unless such a law expressly provides to the contrary. Voting rights shall be exclusively vested in the holders of the capital stock of the association, and depositors and borrowers of the association not holding such stock shall have no voting rights. A capital stock association shall have no members, as defined in this Chapter. B. Except for stock issued pursuant to a plan of merger, consolidation, conversion from mutual to a capital stock association, or other type of reorganization which has been approved by the commissioner, the consideration for the issuance of voting common capital stock, the par value of which shall be maintained as the permanent capital of the association, shall be paid in cash, and any excess over par value shall be credited to paid in surplus which shall not be available for dividends or other distribution to stockholders except upon liquidation. C. Except as provided herein, the total of the par value of all outstanding shares of voting common stock shall be the permanent capital of the association and shall not be retired until final liquidation of the association. No association shall reduce its outstanding voting common capital stock without first obtaining the consent of the commissioner. Consent shall be withheld if the reduction will cause the par value of outstanding voting common capital stock to be less than the minimum required by this Chapter or result in less than adequate net worth or reduce the capital of the association below the amount required for a liquidation account established in connection with the conversion of a mutual association to a capital stock association. D. The provisions of R.S. 6:416 and the rules and regulations promulgated thereunder shall be applicable to associations chartered under the provisions of this Title in the same manner as they are applicable to state banks. E. Repealed by Acts 1997, No. 1003, §2. Acts 1983, No. 675, §1; Acts 1997, No. 1003, §§1, 2.
LA Rev Stat § 6:709 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§709. Members or stockholders meeting

RS 709 - Members or stockholders meeting  A. There shall be an annual meeting of members or stockholders which shall be held in accordance with the articles of incorporation or bylaws. At this meeting the board of directors, through the secretary or other officer whom they may designate, shall make a statement to the members or stockholders setting forth in general the assets and liabilities of the association during the previous year.  B. Meetings of members or stockholders may be called by the board of directors in their discretion, or as otherwise fixed in the articles of incorporation or the bylaws.  C. Unless otherwise stated in the articles of incorporation or bylaws of the association, or elsewhere in this Chapter, the members or stockholders who shall be entitled to vote at any meeting shall be those who were members or stockholders of record as of the date of record established by the board of directors, except those who subsequently have ceased to be members or stockholders.  D. Unless otherwise provided in the articles of incorporation or bylaws, at every meeting each member or voting stockholder shall be entitled upon each proposal presented to vote as follows:  (1) In the case of a member of a mutual association, for every one hundred dollars or major fraction thereof, held in a savings or demand account, or if borrowers are members of the association, for any amount borrowed, one vote, but no member may cast more than five hundred votes.  (2) In the case of a capital association, each stockholder is entitled to one vote for each share of voting stock recorded in the stockholder's name on the books of the corporation on the record date fixed as provided in Subsection C.  E. Unless otherwise provided in the articles of incorporation or bylaws, voting at any meeting of the members or stockholders may be in person, by means of remote communication as provided in R.S. 12:1-709, or by written proxy signed by the member or stockholder or his duly authorized agent. However, no proxy may be voted at any meeting unless the proxy was filed with the secretary of the association for verification at least five days prior to the date of the meeting at which the proxy is to be voted. When shares of stock or accounts are registered in the name of two or more persons, a proxy signed by any one or more of them shall be deemed valid unless the association receives written notice to the contrary from a nonsigning registered member or stockholder before the proxy is voted.  F. Unless otherwise provided in the articles of incorporation or bylaws, at an annual meeting or at any special meeting of members or stockholders, any number of persons present in person, attending by means of remote communication as provided in R.S. 12:1-709, or by eligible proxy shall constitute a quorum and a majority of all votes cast at any meeting shall determine any question unless this Chapter specifically provides otherwise.  Acts 1983, No. 675, §1; Acts 2021, No. 23, §1, eff. June 1, 2021.
LA Rev Stat § 6:710 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§710. Notice of meeting

RS 710 - Notice of meeting  A.(1) Unless a method of notice is provided in the articles of incorporation or bylaws or elsewhere in this Chapter, notice of meetings of members of a mutual association shall be given by publishing on separate days no less than two notices of the meeting not more than thirty days nor less than ten days prior to the date of the meeting in a newspaper of the parish of domicile of the association.  (2) Notwithstanding any other provision of law to the contrary, the articles of incorporation or bylaws of a savings and loan association may authorize or require delivery of notices of meetings and other communications to members of mutual associations 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.  B.(1) Unless a method of notice is provided in the articles of incorporation or bylaws or elsewhere in this Chapter, notice of meetings of stockholders of a stock association shall be given by mailing a notice thereof to those who were stockholders as of the date of record established by the board of directors.  (2) Notwithstanding any other provision of law to the contrary, the articles of incorporation or bylaws of a savings and loan association may authorize or require delivery of notices of meetings and other communications to stockholders of a stock association 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.  C. If an association desires to establish a date of record for notice of meeting or for voting rights at meetings, it can be so provided in the articles of incorporation or bylaws. If it is not so provided, then the date of record for notice or voting rights shall be the last day of the second calendar month immediately preceding the date set for the meeting.  Acts 1983, No. 675, §1; Acts 2018, No. 88, §1.
LA Rev Stat § 6:711 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§711. Organization meeting

RS 711 - Organization meeting Within thirty days after the corporate existence of an association begins, the directors of the association shall hold an organization meeting and shall elect officers, and adopt bylaws. At the organization meeting the directors shall take such other action as is appropriate with the beginning of the transaction of business by the association. The commissioner may extend by order the time within which the organization meeting shall be held. Acts 1983, No. 675, §1.
LA Rev Stat § 6:713 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§713. Forfeiture of charter for nonuse

RS 713 - Forfeiture of charter for nonuse Any association which fails to commence business within six months after the date upon which its corporate existence begins, shall forfeit its corporate existence, unless the commissioner, before the expiration of the six month period, approves the extension of time within which it may commence business, upon a written application by the association stating the reasons for such delay. Upon such forfeiture the certificate of incorporation shall expire, and all action taken in connection with the incorporation thereof, except the payment of the incorporation fee, shall become void. Amounts credited on shares, savings accounts, or stock subscriptions, less expenditures approved by the commissioner, shall be returned pro rata to the respective holders thereof. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:714 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§714. Officers and agents; election, powers, duties

RS 714 - Officers and agents; election, powers, duties A. The board of directors shall elect a president, or chief executive officer, cashier or chief financial officer, and a secretary, who shall each be a different person, and shall elect a chairman of the board. One or more vice presidents may be elected. None of the officers except the chairman and the president or chief executive officer are required to be a director of the association. No person holding more than one office may sign in more than one capacity any instrument required by law to be signed by two officers. B. The board may elect and appoint such other officers and agents as may be necessary for conducting the business of the association in the manner provided by the bylaws. C. Every association shall be deemed to have the following registered agents, who shall be the president or chief executive officer, the cashier or chief financial officer, and the secretary of the association. Service of citation or other legal process on an association shall be made by personal service on any of the named registered agents. If the officer making service certifies that he is unable, after diligent effort, to have service made on the registered agents, service may be made on any officer of the association at the main office of the association. D. The officers and agents shall have such rights and perform such duties in the management of the association as may be prescribed by the articles or bylaws or by the board of directors. E. Election or appointment of an officer shall not, of itself, create contract rights. Any officer or agent may be removed by the board of directors, with or without cause, at any time, without prejudice, however, to the contract rights of the person so removed. F. Except as otherwise provided in the articles or bylaws or by resolution of the board of directors, the president or chief executive officer, or the cashier or chief financial officer, shall have the power, in the name and on behalf of the association, to authorize the filing, prosecution, or defense of any suit or other legal proceeding. Such persons shall have the authority to direct, in the association's name, the issuance of conservatory writs and to bond property in legal custody, to execute bonds in connection with any legal proceedings, and to make affidavits required by law or rules of court. Such acts shall have the same force and effect as an act of the association itself and shall be binding upon it. Acts 1989, No. 133, §1, eff. June 22, 1989; Acts 2001, No. 637, §1, eff. June 22, 2001; Acts 2003, No. 72, §1, eff. May 28, 2003.
LA Rev Stat § 6:741 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§741. Authorized capital

RS 741 - Authorized capital The authorized capital of a stock association shall be as provided in its articles of incorporation. The authorized capital of a mutual association shall be unlimited and the actual accumulative capital at any time shall be deemed the authorized capital at such time. No association shall be deceptive in advertising the amount of its capital. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:743 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§743. Issuance of capital

RS 743 - Issuance of capital A. The capital of mutual associations may be divided into such classes of shares or savings accounts as is prescribed by the board of directors and may be issued in such full or fractional denominations and subject to such additional rules and regulations as the board of directors of each association may from time to time make and authorize. These shares or savings accounts may be paid for in periodical installments, in cash or in liquidation of matured shares. Such shares or savings accounts shall be payable in the manner designated for each particular class. A member may exchange the value of any such shares or savings accounts owned for any class desired with the assent of the board of directors. B. A capital stock association may issue capital stock and other capital securities as approved by the commissioner. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:745 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§745. Cancellation of shares, savings accounts

RS 745 - Cancellation of shares, savings accounts All shares or savings accounts withdrawn, forfeited, retired, or surrendered shall be cancelled and become the property of the association, and new shares or savings accounts may be issued in lieu of them. Unpaid installments and other charges upon shares or savings accounts shall be a privilege thereon. Payments of dues or interest may be made in advance and dividends or interest may be allowed thereon. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:746 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§746. Issuance of shares or savings accounts for consideration other than cash

RS 746 - Issuance of shares or savings accounts for consideration other than cash A. Whenever the commissioner deems it expedient or advisable he may authorize any association to issue shares or savings accounts of any class of its capital for a consideration other than cash, provided that the fair value of the consideration, as determined and fixed by its board of directors, is not less than the aggregate value of the shares or savings accounts issued therefor. B. Whenever shares or savings accounts of any association are, with the approval of the commissioner, paid for in consideration other than cash, an accurate, detailed, and itemized description of all property to be accepted in lieu of cash, together with a statement of its value as determined and fixed by the incorporators or directors, shall be filed in the office of the recorder of mortgages where the corporation's articles of incorporation have been or are to be recorded. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:747 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§747. Contract for savings programs

RS 747 - Contract for savings programs A. School savings. An association may contract with the proper authorities of any public or nonpublic elementary or secondary school or institution of higher learning, or any public or charitable institution caring for minors or persons with disabilities, for the participation and implementation by the association, in any school or institutional thrift or savings plan, and it may accept funds for shares or savings accounts at such a school or institution, either by its own collector or by any representative of the school or institution. B. Payroll savings. An association may contract with any employer with respect to the solicitation, collection, and receipt of savings by payroll deduction to be credited to the designated accounts of its employees who may participate voluntarily. Acts 1970, No. 234, §1; Acts 1983, No. 675, §1; Acts 2014, No. 811, §2, eff. June 23, 2014.
LA Rev Stat § 6:748.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§748.1. Public funds deposits; additional collateral

RS 748.1 - Public funds deposits; additional collateral A. In addition to other collateral for public funds deposits authorized by law, including but not limited to R.S. 33:2929, R.S. 39:1221, R.S. 39:1242, and R.S. 49:321, savings and loan associations and savings banks, whether chartered on a mutual or stock basis, are hereby authorized and empowered to use as collateral for said funds mortgage pass-through certificates issued by the Federal Home Loan Mortgage Corporation and letters of credit issued by the Federal Home Loan Bank. B. Notwithstanding any other provisions of the law to the contrary, savings and loan associations and savings banks are specifically designated as depositories for the purpose of holding collateral of other financial institutions when this collateral is security for public funds deposits in excess of the insured limit of the Federal Deposit Insurance Corporation. C. The Federal Home Loan Bank of the Ninth District or its successor shall be authorized as a depository of collateral for public funds forming the basis for the issuance of the letter of credit offered by the Federal Home Loan Bank. Acts 1986, No. 99, §1, eff. June 23, 1986.
LA Rev Stat § 6:749 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§749. Prescription on savings accounts

RS 749 - Prescription on savings accounts (1) All claims shall prescribe on any inactive savings account, provided that at least sixty days before any such claim shall prescribe the association shall have mailed by certified or registered mail a notice of the imminent prescription of all claims to the holder of such account at his last known address. (2) For the purposes of this Section, "inactive savings account" shall mean a savings account with respect to which there has been in absence for at least ten years of: (a) Additions to the account, other than crediting of earnings; (b) Withdrawals from the account; and (c) On which an association has no address and is unable to communicate with the holder. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:750 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§750. Pledge of deposit accounts; rights and remedies

RS 750 - Pledge of deposit accounts; rights and remedies Savings and loan associations shall have the same rights and remedies with regard to the pledge of funds held on deposit as are afforded to banks under the provisions of R.S. 6:316. Acts 1990, No. 735, §1.
LA Rev Stat § 6:761 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§761. Members of mutual associations

RS 761 - Members of mutual associations Members shall be admitted to membership of a mutual association in such manner as may be prescribed in the articles of incorporation or the bylaws. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.
LA Rev Stat § 6:762 (2021)
2021 Louisiana Laws|Revised Statutes|Title 6 - Banks and Banking|§762. Access to books and records

RS 762 - Access to books and records The right of inspection and examination of the books and records shall be exclusively vested in: (1) The commissioner or his duly authorized representative as provided in this Chapter; and (2) Any federal or state instrumentality or agency authorized to inspect or examine the books and records of an insured association. Acts 1970, No. 234, §1. Acts 1983, No. 675, §1.