RS 538 - Five-year continuous operation requirement
The commissioner shall not approve an application for an acquisition under this Part unless the Louisiana bank to be acquired, or at least one Louisiana bank subsidiary of the bank holding company to be acquired, has as of the proposed date of acquisition been in existence and in continual operation for at least five years.
Acts 1986, No. 577, §1, eff. July 2, 1986; Acts 1995, No. 1249, §1.