Louisiana § RS 6:1166 - Temporary organization and capital subscriptions
Full text of Louisiana Louisiana Civil Code § RS 6:1166 — Temporary organization and capital subscriptions, with citation guidance and answers to common questions.
§ RS 6:1166. Temporary organization and capital subscriptions
A. Each applicant shall become a member of the organization committee and shall elect officers and directors of the savings bank in organization.
B. The officers and directors shall secure subscriptions for capital, in the form of pledges to purchase stock.
C. The officers and directors shall prepare articles of incorporation, bylaws, and other items as required by this Chapter.
D. The directors shall apply for insurance of accounts and advise the commissioner of financial institutions of each filing, conference, and all correspondence accompanying and required by such a filing.
E. The officers and directors shall take any other actions necessary to complete organization.
F. The officers and directors shall furnish the commissioner with the names and addresses of all investors who subscribed to purchase stock.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:1166
What does Louisiana Civil Code § RS 6:1166 cover?
Section RS 6:1166 ("Temporary organization and capital subscriptions") 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 6:1166?
A common citation format is "Louisiana Civil Code § RS 6:1166" (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 6:1166 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.