HB 583

HLS 26RS-1313  ORIGINAL
     2026 Regular Session
     HOUSE BILL NO. 583
     BY REPRESENTATIVE BEAULLIEU
     SECURITIES: Provides relative to transfer on death securities
 1  AN ACT
 2   To amend and reenact R.S. 9:1711.6(A), relative to transfer on death security registration;
 3  to provide relative to a registering entity; to provide for requirements; and to provide
 4  for related matters.
 5   Be it enacted by the Legislature of Louisiana:
 6  Section 1. R.S. 9:1711.6(A) is hereby amended and reenacted to read as follows:
 7  §1711.6. Registering entity
 8  A. A registering entity is not required to shall offer or to accept a request for
 9  security registration in beneficiary form. If a registration in beneficiary form is
10  offered by a registering entity, the The owner requesting registration in beneficiary
11  form assents to the protections given to the registering entity by this Chapter.
12  *       *  *
  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 583 Original  2026 Regular Session  Beaullieu
     Abstract: Requires a registering entity to offer or accept a request for security registration
  in beneficiary form.
     Present law (R.S. 9:1711.6(A)) provides that a registering entity is not required to offer or
     accept a request for security registration in beneficiary form.
  Page 1 of 2
     CODING: Words in struck through type are deletions from existing law; words underscored
     are additions.
HLS 26RS-1313  ORIGINAL
  HB NO. 583
Proposed law changes present law to require a registering entity to offer or accept a request
for security registration in beneficiary form.
Present law provides that if a registration in beneficiary form is offered by a registering
entity, the owner requesting the registration in beneficiary form assents to the protections
given to the registering entity.
Proposed law changes present law and removes the language related to the registering entity
offering request a security registration in beneficiary form.
(Amends R.S. 9:1711.6(A))
  Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.