HLS 17RS-495 ENGROSSED
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 account information for the
estate of a decedent
1 AN ACT
2To enact R.S. 51:703(K), relative to the disclosure of certain account information; to provide
3 for the release of certain account information of a decedent by a dealer; to provide
4 for certain required documents; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 51:703(K) is hereby enacted to read as follows:
7 ยง703. Registration of dealers, salesmen, and investment advisers and investment
8 adviser representatives; surety bonds; records; disclosures
9 * * *
10 K. A dealer or any affiliate may release account information of a decedent
11 to any representative or attorney for the estate of the decedent when the dealer or
12 affiliate receives written notice of the customer's death and satisfactory evidence of
13 that person's authority to represent the estate of the decedent. Satisfactory evidence
14 may include an affidavit executed by the person attesting to such relationship with
15 the decedent.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 17RS-495 ENGROSSED
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 Engrossed 2017 Regular Session Terry Brown
Abstract: Authorizes the disclosure of certain account information of a decedent by a
dealer 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 certain account information of a decedent by a
dealer 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 dealer receive written notice of the customer's death and
evidence of the person's authority to represent the decedent.
(Adds R.S. 51:703(K))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Commerce to the
original bill:
1. Make technical changes.
2. Delete all references to the term "brokerage firm" and insert in lieu thereof the
term "dealer," which is already defined in present law (R.S. 51:702).
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.