Section 6:261 - Accounting proceduresA. Upon initial issuance of shares, that part of the consideration received therefor which is equal to the par value thereof shall be allocated to capital stock, and the remainder shall be allocated to surplus.B. Except as otherwise provided in R.S. 6:263 and 416, a state bank may transfer from or reduce its capital stock or surplus only in conformity with written permission of the commissioner.C. Repealed by Acts 2003, No. 570, §2, eff. June 27, 2003.Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 1997, No. 966, §1; Acts 2001, No. 915, §1, eff. June 26, 2001; Acts 2003, No. 570, §2, eff. June 27, 2003.Acts 1984, No. 719, §1, eff. 1/1/1985; Acts 1997, No. 966, §1; Acts 2001, No. 915, §1, eff. 6/26/2001; Acts 2003, No. 570, §2, eff. 6/27/2003.