La. Admin. Code tit. 10 § III-509

Current through Register Vol. 50, No. 12, December 20, 2024

Section III-509 - Prohibited Stock Ownership

A. Under no circumstance shall the parent of the subsidiary mortgage corporation own any assessable stock of the subsidiary mortgage corporation.

La. Admin. Code tit. 10, § III-509

Promulgated by the Department of Commerce, Office of Financial Institutions, LR 7:484 (October 1981), amended LR 13:740 (December 1987).

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:237(B).