Louisiana Revised Statutes 6:219 – Bylaws
Terms Used In Louisiana Revised Statutes 6:219
- Articles: means the original articles of incorporation and all amendments thereto including those contained in merger agreements or, if restated, the latest restatement thereof except in those instances in which the context refers expressly to the original articles of incorporation only. See Louisiana Revised Statutes 6:201
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A. Except as specifically provided in this Chapter and unless the articles provide otherwise, the board of directors of a state bank may make and alter bylaws, including bylaws fixing directors’ qualifications, number or term of office, or fixing their compensation, subject to the power of the stockholders to change or repeal any bylaws so made.
B. The bylaws may contain any provision relating to the business of the state bank, the conduct of its affairs, its rights or powers, or the rights or powers of its stockholders, directors, or officers not inconsistent with law or the articles.
C. No person not an officer or director, dealing with the state bank, shall be charged with constructive notice of the bylaws.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.