La. Stat. tit. 6 § 392

Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 6:392 - Emergency sale of assets; purchase and assumption of assets

The receiver may, with ex parte approval of the receivership court, sell all or any part of the bank's assets to another state or national bank or to the FDIC. In like manner, the receiver may borrow from the FDIC any amount necessary to facilitate the assumption of deposit liabilities by a newly chartered or existing bank, assigning any part or all of the assets of the bank as security for such loan.

La. R.S. § 6:392

Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
Acts 1984, No. 719, §1, eff. 1/1/1985.