Louisiana Revised Statutes 6:1264 – Holders of withdrawable accounts
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Terms Used In Louisiana Revised Statutes 6:1264
- 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.
- Fiduciary: A trustee, executor, or administrator.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
Withdrawable accounts of a savings bank may be held:
(1) By any individual in his own right, regardless of his age or marital status, or by two or more of such individuals;
(2) By a fiduciary when authorized by law;
(3) By a government or governmental instrumentality when authorized by law; or
(4) By any corporation or other person when not prohibited by law.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.