Louisiana § RS 6:1165 - Permit to organize
Full text of Louisiana Louisiana Civil Code § RS 6:1165 — Permit to organize, with citation guidance and answers to common questions.
§ RS 6:1165. Permit to organize
A. The commissioner of financial institutions may require additional information and conduct whatever investigation he deems necessary to determine whether to issue a permit to organize, including the subpoena of books and records, taking of public testimony, and conduct of hearings. The applicants shall share the expense of such investigations.
B. The commissioner shall find and declare, based on the record of application and his investigation, that:
(1) The proposed management, business plan, and capitalization promise to meet regulatory requirements;
(2) The application information is not in dispute;
(3) The proposed name is not deceptively similar to that of any other financial institution within an area defined by regulation of the commissioner; and
(4) The proposed business plan and capitalization promise to serve the needs of the community and its residents.
C. Insurance of accounts shall be effective prior to issuance of a certificate of complete organization.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:1165
What does Louisiana Civil Code § RS 6:1165 cover?
Section RS 6:1165 ("Permit to organize") 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 6:1165?
A common citation format is "Louisiana Civil Code § RS 6:1165" (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 6:1165 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.