Louisiana § RS 6:551.7 - Requirements to operate; fees
Full text of Louisiana Louisiana Civil Code § RS 6:551.7 — Requirements to operate; fees, with citation guidance and answers to common questions.
§ RS 6:551.7. Requirements to operate; fees
A foreign bank may not maintain and operate a state agency, branch, or office in this state unless the foreign bank:
(1) Is authorized by its charter to carry on such a business and the foreign bank has complied with the laws of the country under which it is chartered.
(2) Has furnished to the commissioner proof of the nature and character of its business and of its financial condition that the commissioner requires.
(3) Has filed with the commissioner a certified copy of the information required by R.S. 6:551.6.
(4) Has paid an application fee to be determined by the commissioner as reasonable, fair, and sufficient for the management and oversight required by this Chapter.
(5) Has been issued a certificate of authority by the commissioner.
Acts 2004, No. 420, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:551.7
What does Louisiana Civil Code § RS 6:551.7 cover?
Section RS 6:551.7 ("Requirements to operate; fees") 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 6:551.7?
A common citation format is "Louisiana Civil Code § RS 6:551.7" (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 6:551.7 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.