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SB262

Provides relative to administration of transfer on death accounts. (8/1/26)

Introduced·2/27/26
Ment Text

Louisiana SB262 establishes rules for transfer on death accounts, including beneficiary designation and financial institution liability.

Louisiana SB262 introduces regulations for transfer on death accounts, specifying that these accounts are exempt from probate. The bill mandates that beneficiary designation forms be executed by the account owner in person at a financial institution's office, with electronic submissions being void. It also prohibits representatives from executing these forms on behalf of the owner. The bill defines a transfer on death account as any deposit or brokerage account where the owner designates a beneficiary to receive funds upon death.

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  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Commerce, Consumer Protection, and International Affairs Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

Calendar

Apr 1

9:30 AM

Senate Committee on Commerce, Consumer Protection and International Affairs

History

Mar 9

Senate

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.

Feb 27

Senate

Prefiled and under the rules provisionally referred to the Committee on Commerce, Consumer Protection and International Affairs.