SECURITIES: Creates a task force to study the use of payable-on-death and transfer-on-death accounts and to report its findings and any recommendations for revisions to applicable Louisiana laws to the legislature.
Enrolled. Signed by the President of the Senate and sent to the Secretary of State by the Secretary of the Senate on 5/22/2026.
Summary
The resolution establishes a task force of attorneys, banking industry representatives, and law‑institute experts to examine how payable‑on‑death (POD) and transfer‑on‑death (TOD) accounts operate under state law. The group will analyze issues such as heir rights, community property, creditor claims, and consumer protections, and must deliver a written report with recommendations by March 1, 2027. The findings could affect account holders, their beneficiaries, banks, and the legal rules governing these designations.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when SR 133 changes status, plus AI-powered summaries and stage predictions.
Sign up free