Louisiana Revised Statutes 6:551.2 – Foreign banking activities; authorized
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Terms Used In Louisiana Revised Statutes 6:551.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A foreign bank may open and operate a representative office, administrative office, agency, branch, subsidiary bank, or an Edge Act or agreement corporation or operate as an international banking facility in this state subject to the provisions of this Chapter and applicable federal law.
Acts 2004, No. 420, §1.