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La. R.S. 6:1262

Demand deposits; checking account

Known as the Louisiana Savings Bank Act

The act spans §§ 6–6 (118 sections).

Acts 1990, No. 816, §1, eff

A. A savings bank may offer demand deposit amounts, checking accounts, or any similar account upon which withdrawals may be made by negotiable order, check, or draft.

B. A savings bank may pay interest on demand deposit, checking, or any similar account in accordance with the Part of this Chapter pertaining to payment of interest.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.