§551.8. Application required; contents
A. To obtain a certificate of authority for, or authority to operate, a state agency, branch, or office, a foreign bank must submit to the commissioner an application which shall set forth:
(1) The name of the foreign bank, together with the country under the laws of which it was organized.
(2) The date of its incorporation and the period of its duration.
(3) The address of its principal office in the country under the laws of which it was organized.
(4) The name of other states and countries in which it is admitted or qualified to transact business.
(5) The names and addresses of its directors and principal officers.
(6) A complete and detailed statement of its financial condition including the actual value of its assets.
(7) A copy of any applications it is required to file with any federal agencies to establish the agency, branch, or office.
(8) Such additional information as may be necessary and appropriate or as may be required by the commissioner.
B. The approval of the Office of Financial Institutions shall be required to establish any subsequent state branches, agency offices, or other offices. The Office of Financial Institutions shall be authorized to promulgate any necessary rules and fees in order to provide for these additional locations.
C. Any applications or notifications filed under this Section shall also be filed with the Louisiana Tax Commission.
D. All applications, notifications, and correspondence filed with the Office of Financial Institutions shall be in English.
Acts 2004, No. 420, §1.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.