Louisiana § RS 6:538 - Five-year continuous operation requirement
Full text of Louisiana Louisiana Civil Code § RS 6:538 — Five-year continuous operation requirement, with citation guidance and answers to common questions.
§ RS 6:538. Five-year continuous operation requirement
The commissioner shall not approve an application for an acquisition under this Part unless the Louisiana bank to be acquired, or at least one Louisiana bank subsidiary of the bank holding company to be acquired, has as of the proposed date of acquisition been in existence and in continual operation for at least five years.
Acts 1986, No. 577, §1, eff. July 2, 1986; Acts 1995, No. 1249, §1.
Frequently Asked Questions About Louisiana § RS 6:538
What does Louisiana Civil Code § RS 6:538 cover?
Section RS 6:538 ("Five-year continuous operation requirement") 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 6:538?
A common citation format is "Louisiana Civil Code § RS 6:538" (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 6:538 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.