La. Admin. Code tit. 10 § III-303
Current through Register Vol. 50, No. 12, December 20, 2024
Section III-303 - Banker's AcceptancesA. A state bank may participate in total eligible bankers' acceptances to any one bank in an amount not to exceed 200 per centum of the paid-up and unimpaired capital stock and surplus of the purchasing bank. Eligible acceptances shall be those defined in Title 12 of the United States Code, Sections 372 A state bank may participate in total ineligible bankers' acceptances subject to the legal loan limits prescribed by R.S. 6:259.La. Admin. Code tit. 10, § III-303
Promulgated by the Department of Commerce, Office of Financial Institutions, LR 9:314 (May 1983).AUTHORITY NOTE: Promulgated in accordance with R.S. 6:237(B) and R.S. 6:259.