Louisiana Revised Statutes 6:1261 – Withdrawable accounts subject to liens
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Terms Used In Louisiana Revised Statutes 6:1261
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lien: A claim against real or personal property in satisfaction of a debt.
Every withdrawable account shall be subject to a lien for the payment of such charges as lawfully may accrue thereon under the provisions of this Chapter, and the bylaws may prescribe the manner of enforcing such lien, but no withdrawable account shall be assessable for any losses which the then existing assets of the savings bank shall not be sufficient to satisfy.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.