Louisiana § RS 6:419 - Receipt of deposits while insolvent
Full text of Louisiana Louisiana Civil Code § RS 6:419 — Receipt of deposits while insolvent, with citation guidance and answers to common questions.
§ RS 6:419. Receipt of deposits while insolvent
A. After an officer, director, or employee of a bank learns that the bank is insolvent, he shall not assent to the receipt of any deposit of which all or any portion thereof would not be insured by the Federal Deposit Insurance Corporation or the creation of any debt by the bank.
B. Whoever violates this Section shall be fined not more than one thousand dollars and shall be individually responsible for any such deposit or debt.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1987, No. 108, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:419
What does Louisiana Civil Code § RS 6:419 cover?
Section RS 6:419 ("Receipt of deposits while insolvent") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 6:419?
A common citation format is "Louisiana Civil Code § RS 6:419" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 6:419 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.