Louisiana § RS 6:414.1 - Derogatory statements regarding financial condition of financial institution prohibited; penalty
Full text of Louisiana Louisiana Civil Code § RS 6:414.1 — Derogatory statements regarding financial condition of financial institution prohibited; penalty, with citation guidance and answers to common questions.
§ RS 6:414.1. Derogatory statements regarding financial condition of financial institution prohibited; penalty
A. It shall be unlawful for any person maliciously to make, circulate, or transmit to another person any statement, rumor, or suggestion which is directly or by inference derogatory as to the financial condition or which affects the solvency of any financial institution doing business in this state, or to counsel, aid, procure, or induce another to make, circulate, or transmit any such statement or rumor.
B. Truth of the statement made shall be a defense to the crime set forth in this Section.
C. Whoever violates this Section shall be fined not more than five hundred dollars or imprisoned for not more than six months, or both.
Acts 1986, No. 371, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:414.1
What does Louisiana Civil Code § RS 6:414.1 cover?
Section RS 6:414.1 ("Derogatory statements regarding financial condition of financial institution prohibited; penalty") 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 6:414.1?
A common citation format is "Louisiana Civil Code § RS 6:414.1" (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 6:414.1 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.