The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Xavier I. Alexander.
DIGEST
SB 133 Original 2022 Regular Session Milligan
Present law provides that a person opening a bank account shall provide the depository bank with
an affidavit in authentic form or an act under private signature executed in the presence of an officer
or a branch manager and two additional persons, in order to name the beneficiary, to be paid upon
that person's death.
Proposed law deletes present law and further provides that a person opening a bank account can
provide a signature and the name of the beneficiary in the deposit account records of the bank in
order to name a beneficiary to be paid upon the depositor's death.
Effective August 1, 2022.
(Amends R.S. 6:314(A) and 766.1(A))