La. Admin. Code tit. 10 § VII-325

Current through Register Vol. 50, No. 11, November 20, 2024

Section VII-325 - Notice of Filing

A. Form of Required Publication. Upon the commissioner's determination that an application for conversion is properly executed and is materially complete, he or she shall advise the applicant, in writing, to promptly publish a notice of the filing of the application. After receipt of the advice, the applicant shall prominently post the notice in each of its offices and publish the notice in a newspaper having general circulation in each community in which any office of the applicant is located, as follows:

NOTICE OF FILING OF AN APPLICATION

FOR CONVERSION TO A STOCK SAVINGS BANK

NOTICE IS HEREBY GIVEN that ___________________ _____________________ (name of applicant) has filed an application with the Commissioner of the Office of Financial Institutions for the State of Louisiana for approval to convert from a mutual to a stock savings bank.

The original copy of the application is on file with the Commissioner of the Office of Financial Institutions, 8401 United Plaza Boulevard, Suite 200, Baton Rouge, Louisiana, 70809, and is available for public inspection or copying. A copy of the plan may also be inspected at any office of the applicant. Written comments, including objections to the plan of conversion and materials supporting the objections, from any member of the applicant or any aggrieved person will be considered by the commissioner if postmarked within twenty (20) calendar days after the publication of this notice. The commissioner may, in his discretion, and upon written request, extend the twenty (20) day comment period for an additional twenty (20) calendar days. Failure to timely file written comments may preclude the pursuit of any judicial or administrative remedies. Any such comments received will be available for inspection by any member of the applicant at the commissioner's office.

B. Verifying Publication. After publication of the notice, the applicant shall promptly file with the commissioner a copy of the published notice and a publisher's affidavit of publication from each newspaper in which the notice was published.

La. Admin. Code tit. 10, § VII-325

Promulgated by the Department of Economic Development, Office of Financial Institutions, LR 21:1069 (October 1995).

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:1141.