Louisiana § RS 6:371 - Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner
Full text of Louisiana Louisiana Civil Code § RS 6:371 — Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner, with citation guidance and answers to common questions.
§ RS 6:371. Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner
A. The stockholders of a state bank, by vote of two-thirds of the total voting power of the corporation or such larger vote as the articles may require, at a special meeting of the stockholders the notice of which shall set forth the proposed dissolution as the purpose of the meeting, may agree to appoint a liquidator and dissolve the state bank.
B. If the public interest will thereby be served, the commissioner shall approve the liquidation unless the bank is insolvent or in an impaired, unsafe, or unsound condition.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1989, No. 396, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:371
What does Louisiana Civil Code § RS 6:371 cover?
Section RS 6:371 ("Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner") 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 6:371?
A common citation format is "Louisiana Civil Code § RS 6:371" (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 6:371 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.