DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 972 Original 2016 Regular Session Terry Brown
Abstract: Authorizes the disclosure of brokerage account information of a decedent by a brokerage
firm to any legal representative, surviving spouse, heir, or legatee of a customer, or to an
attorney at law representing the decedent upon sufficient proof of the death of the decedent.
Proposed law authorizes the disclosure of brokerage account information of a decedent by a
brokerage firm or any affiliate to any legal representative, surviving spouse, heir, or legatee of a
customer, or to an attorney at law representing the decedent.
Proposed law requires the presentation to the brokerage firm of a written notice of the customer's
death.
Proposed law defines "brokerage firm" as a financial institution that facilitates the buying and selling
of financial securities, including publicly traded stocks, bonds, and other securities through the agent
stockbrokers of the firm or through online trading services provided by the firm.
(Adds R.S. 51:710.3)