RÉSUMÉ DIGEST
ACT 257 (SB 133) 2022 Regular Session Milligan
Prior law provides that a person opening a bank account shall provide the depository bank
or association 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.
New law provides that a person opening a bank account may provide a signature and the
name of the beneficiary in the deposit account records of the bank or association 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))