Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB301 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Michelle Ducharme.
DIGEST
Martiny (SB 301)
Present law provides for requirements for disclosure of financial records by a bank or its
affiliates.
Proposed law provides that notwithstanding any other provision of law to the contrary, any
collection or seizure of financial records in the possession of a federally insured financial
institution that operates in Louisiana and has its main office or one or more branches located in
this state shall be conducted in accordance with the requirements set forth in present law.
Effective August 1, 2014.
(Adds C.C.P. Art. 1461.1)