An association may accept its own shares or its savings accounts as additional security.
La. R.S. 6:831
Shares or savings accounts as additional security
Known as the Louisiana Savings and Loan Association Law
The act spans §§ 6–6 (162 sections).
Acts 1983, No. 675, §1.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.