HB 489·LA·house
BANKS/BANKING: Provides with respect to "Transfer of Death" (TOD) beneficiary designations for investment accounts
Passed One ChamberFiled Feb 26, 2026
Sponsor: Foy Gadberry (R)
Latest Action
Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.
Mar 25, 2026
Summary
The measure revises the language of Louisiana statutes that govern Transfer‑of‑Death (TOD) beneficiary designations on investment accounts, turning optional language into mandatory requirements. It affects anyone who holds an investment account with a TOD beneficiary and the people named to receive those assets. By tightening the rules, the bill aims to ensure that TOD designations are carried out consistently and as intended.
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