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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2014 ENROLLED
SENATE BILL NO. 99
BY SENATOR RISER
AN ACT1
To amend and reenact R.S. 47:1967(D), relative to listing and assessment of bank stock; to2
provide for determining the fair market value of bank stock; and to provide for3
related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:1967(D) is hereby amended and reenacted to read as follows: 6
ยง1967. Listing and assessment of bank stock; procedure7
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D. For the purposes in determining the fair market value of bank stock, the9
following criteria shall be used: stockholder equity as defined in Subsection C above10
of this Section shall serve as a four times factor, eighty percent; annual net earnings11
of the individual banking institution shall serve as a one time factor, twenty percent.12
Annual net earnings shall be adjusted to remove that portion of earnings based on13
United States obligations by deducting a percentage of annual net earnings based on14
the ratio of interest on United States obligations to total operating income. Negative15
earnings shall not be considered be included in this formula, and but there shall be16
no earnings loss carried forward or backward. For the purpose of computing the one17
time, twenty percent earnings factor, the earnings shall be capitalized by multiplying18
the annual net earnings or net loss of the banking institution by the average price19
earnings ratio for all banks in the United States as published by a nationwide20
ACT No. 135 SB NO. 99 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
recognized bond and securities rating firm.1
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PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: