Louisiana § RS 6:971 - Approval of transaction; priorities
Full text of Louisiana Louisiana Civil Code § RS 6:971 — Approval of transaction; priorities, with citation guidance and answers to common questions.
§ RS 6:971. Approval of transaction; priorities
A. In considering transactions under this Chapter, the commissioner shall consider the need to minimize disruption in providing banking services to the citizens of Louisiana, and the need to preserve the strength and soundness of the banking system. The commissioner shall authorize transactions under this Chapter considering the following priorities in this order:
(1) Between financial institutions of the same type within the same parish.
(2) Between financial institutions of the same type anywhere within the state.
(3) Between financial institutions of different types within the same parish.
(4) Between financial institutions of different types anywhere within the state.
B. In considering transactions between financial institutions in different parishes, the commissioner shall give priority to prospective purchasers, merger, or consolidation candidates from adjoining parishes.
Acts 1985, No. 107, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:971
What does Louisiana Civil Code § RS 6:971 cover?
Section RS 6:971 ("Approval of transaction; priorities") 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 6:971?
A common citation format is "Louisiana Civil Code § RS 6:971" (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 6:971 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.