HLS 17RS-495 ORIGINAL
2017 Regular Session
HOUSE BILL NO. 17
BY REPRESENTATIVE TERRY BROWN
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
SUCCESSIONS: Provides relative to the release of certain brokerage account information
for the estate of a decedent
1 AN ACT
2To enact R.S. 51:710.3, relative to the disclosure of certain account information; to provide
3 for the release of certain account information of a decedent by a brokerage firm; to
4 provide for certain required documents; to provide for definitions; and to provide for
5 related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 51:710.3 is hereby enacted to read as follows:
8 ยง710.3. Disclosures of investment brokerage account information
9 A. A brokerage firm or any affiliate may release account information of a
10 decedent to any representative or attorney for the estate of the decedent when the
11 brokerage firm or affiliate receives written notice of the customer's death and
12 satisfactory evidence of that person's authority to represent the estate of the decedent.
13 Satisfactory evidence may include an affidavit executed by the person attesting to
14 such relationship with the decedent.
15 B. As provided by this Section, "brokerage firm" means a financial
16 institution that facilitates the buying and selling of financial securities, including
17 publicly traded stocks, bonds, and other securities through the agent stockbrokers of
18 the firm or through online trading services provided by the firm.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 17RS-495 ORIGINAL
HB NO. 17
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 17 Original 2017 Regular Session Terry Brown
Abstract: Authorizes the disclosure of brokerage account information of a decedent by a
brokerage firm to any representative of the decedent's estate upon sufficient proof
of the death of the decedent and the relationship with the decedent.
Proposed law authorizes the disclosure of brokerage account information of a decedent by
a brokerage firm to a representative of, or attorney for, the decedent's estate upon sufficient
proof of the death of the decedent and the relationship with the decedent.
Proposed law requires that the brokerage firm receive written notice of the customer's death
and evidence of the person's authority to represent the decedent.
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)
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.