La. Stat. tit. 6 § 621

Current with changes from the 2024 Legislative Session
Section 6:621 - Borrowing limit

Except with the prior written approval of the commissioner, a trust company may not have outstanding liabilities exceeding an amount equal to three times its capital. However, the commissioner may impose a lower limit consistent with the safety and soundness of the trust company.

La. R.S. § 6:621

Acts 2003, No. 573, §1, eff. June 27, 2003.
Acts 2003, No. 573, §1, eff. 6/27/2003.