{"data":{"id":"us-la/rs-6-1229","jurisdiction":"us-la","citation":"RS 6:1229","heading":"Immovable property; dealings","body":"A. A savings bank may hold and convey real estate which it has acquired in satisfaction of debts previously contracted bona fide in the course of its business.\nB. A savings bank may, in accordance with regulations adopted by the commissioner, make a loan or other extension of credit which would otherwise exceed the limits prescribed in R.S. 6:1235 when the purpose of the loan is to finance the sale of real estate acquired for a debt previously contracted or for use as bank premises. Such loans may only be made upon prior written approval of the commissioner.","path":["TITLE 6. BANKS AND BANKING"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=105764","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:49:07Z","sha256":"f64c3a0b3fc4c9f81a15f15837845e7d56ed859dc7e1ac46d31556b78eab2199","source_id":"us-la","stale":false,"prev":"us-la/rs-6-1228","next":"us-la/rs-6-1229.1"},"notice":"GroundRules: Original legal text. Not legal advice."}