La. Admin. Code tit. 10 § III-313

Current through Register Vol. 50, No. 12, December 20, 2024
Section III-313 - Definitions
A. For purposes of these regulations, the following terms shall have these meanings.

Commissioner- the Commissioner of Financial Institutions.

Directors, Executive Officers, and Principal Shareholders of the Originating Bank- persons so defined under the Federal Reserve Board's Regulation O, Title 12, Code of Federal Regulations, Section 215. 2, and shall apply with respect to every director, executive officer, and principal shareholder of a non-member bank in the same manner and to the same extent as if the non-member bank were a member bank.

Lending Limit(s)- lending restrictions imposed by R.S. 6:415(A).

Other Real Estate- an identified parcel or tract of land with or without improvements, and including easements, rights of way, undivided or future interests, and any accessory rights or interests involving the associated parcel or tract of land. Other real estate shall include property acquired in accordance with R.S. 6:243(A).

State Bank or Bank- for purposes of this regulation state bank or bank means any corporation organized under the provisions of Chapter 3 of R.S. Title 6, as a state commercial bank.

La. Admin. Code tit. 10, § III-313

Promulgated by the Department of Economic Development, Office of Financial Institutions, LR 19:36 (January 1993).
AUTHORITY NOTE: Promulgated in accordance with Act 1129 of 1992.