{"data":{"id":"us-la/rs-6-542","jurisdiction":"us-la","citation":"RS 6:542","heading":"Definitions","body":"The following definitions shall apply for purposes of this Part:\n(1) \"Bank\" means a banking or similar corporation organized under the banking or currency laws of the United States of America or of this state which:\n(a) Makes commercial or consumer loans; or\n(b) Accepts deposits; and\n(c) Is eligible for insurance by the Federal Deposit Insurance Corporation.\n(2) \"Bank holding company\" means \"bank holding company\" as defined in R.S. 6:512(A)(1) and includes bank holding companies domiciled in other states.\n(3) \"Financial service center bank\" means a bank organized and operating in accordance with the provisions of this Part.\n(4)(a) \"Louisiana borrower\" or \"Louisiana customer\" means any of the following:\n(i) A person domiciled in Louisiana.\n(ii) A corporation, partnership, or trust organized under Louisiana law.\n(iii) A corporation, partnership, or trust organized under the laws of another state which has its principal offices in Louisiana.\n(iv) A Louisiana governmental agency or instrumentality.\n(b) \"Louisiana borrower\" does not include a Louisiana guarantor of a loan to a borrower domiciled outside of Louisiana or an employee of the financial service center bank.\n(5) \"Resident\" means anyone living in Louisiana at the time of acquiring a license of institution.","path":["TITLE 6. BANKS AND BANKING"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=106023","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:48:57Z","sha256":"ab67acf37e3e83ae261ce1037f873192e32c401f01f1c3b163c2d1221609efbd","source_id":"us-la","stale":false,"prev":"us-la/rs-6-541","next":"us-la/rs-6-543"},"notice":"GroundRules: Original legal text. Not legal advice."}