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Current as of January 01, 2023 | Updated by Findlaw Staff
A. With the authorization of the commissioner of financial institutions, a foreign bank may, subject to approval from the Federal Reserve Board, establish a state administrative office in this state subject to the provisions of this Chapter and applicable federal law.
B. An administrative office may engage only in the following activities:
(1) Administration of personnel and operations.
(2) Engage in data processing or recordkeeping activities.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 6, § 551.15. State administrative office; authorization; permitted activities - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-6-sect-551-15/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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