Louisiana Revised Statutes 6:764 – Authority relative to shares and savings accounts
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Terms Used In Louisiana Revised Statutes 6:764
- Association: means a savings association, thrift institution, homestead, building and loan association, savings and loan association, or society, including both capital stock and mutual associations. See Louisiana Revised Statutes 6:703
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A person may subscribe for, own, hold, withdraw, transfer, give, pledge, borrow upon, receive interest and dividends from, and surrender shares or savings accounts in associations registered in such person’s name and the receipt or acquittance of such person shall be a valid and sufficient release and discharge of the association for the payment or delivery so made.
Acts 1970, No. 234, §1. Amended by Acts 1977, No. 337, §1; Acts 1983, No. 675, §1.