Louisiana Revised Statutes 6:1135 – Federal deposit insurance
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Terms Used In Louisiana Revised Statutes 6:1135
- 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.
Any savings bank chartered under the supervision of this Chapter shall obtain and maintain federal deposit insurance of accounts through an insurance corporation created by an Act of Congress.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.