Louisiana § RS 6:1332 - Cease and desist; books and records
Full text of Louisiana Louisiana Civil Code § RS 6:1332 — Cease and desist; books and records, with citation guidance and answers to common questions.
§ RS 6:1332. Cease and desist; books and records
A. If the notice of charges and orders referred to in R.S. 6:1331 specifies that the books and records of a savings bank are so incomplete and inaccurate that the commissioner is unable to determine the financial condition of the savings bank, or is unable to determine the nature, details, or purpose of any transaction which may have a material effect on the savings bank's financial condition, then the commissioner shall issue an order which shall be immediately effective requiring:
(1) Specific, affirmative steps to restore, reconstruct, or adjust the books and records to accuracy and compliance.
(2) Rescission or cessation of transactions or activities which led to the incomplete or inaccurate condition of the books and records.
(3) The establishment of reserves for any losses which the commissioner finds were incurred due to the condition of the books and records.
B. This order shall be effective either until the commissioner's examination determines the condition has been corrected or is to be corrected or until the requirements for Part X of this Chapter are met.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:1332
What does Louisiana Civil Code § RS 6:1332 cover?
Section RS 6:1332 ("Cease and desist; books and records") 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 6:1332?
A common citation format is "Louisiana Civil Code § RS 6:1332" (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 6:1332 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.