Louisiana § RS 6:551.13 - State agency; authorized actions
Full text of Louisiana Louisiana Civil Code § RS 6:551.13 — State agency; authorized actions, with citation guidance and answers to common questions.
§ RS 6:551.13. State agency; authorized actions
A foreign bank granted a certificate of authority to transact business in this state through a state agency may:
(1) Borrow and lend money with or without real or personal security.
(2) Purchase, sell, and make loans whether or not secured by bonds or mortgages on immovable property.
(3) Engage in foreign exchange transactions.
(4) Issue, advise, confirm, and otherwise deal with letters of credit and pay, accept, or negotiate drafts drawn thereunder.
(5) Accept bills of exchange or drafts.
(6) Buy or acquire and sell or dispose of but not discount bills of exchange, drafts, notes, acceptances, and other obligations for the payment of money.
(7) Maintain credit balances.
(8) Receive money for transmission and transmit the money from its authorized office in this state to any other place.
(9) Perform such other activities as the commissioner may from time to time determine are analogous or incidental to the foregoing; provided that the foreign bank corporation may not exercise fiduciary powers or receive deposits in this state and may not otherwise exercise banking or discounting privileges in this state.
Acts 2004, No. 420, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:551.13
What does Louisiana Civil Code § RS 6:551.13 cover?
Section RS 6:551.13 ("State agency; authorized actions") 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 6:551.13?
A common citation format is "Louisiana Civil Code § RS 6:551.13" (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 6:551.13 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.