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HB583 • 2026

SECURITIES: Provides relative to transfer on death securities

SECURITIES: Provides relative to transfer on death securities

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Beau Beaullieu
Last action
2026-03-09
Official status
Pending House Commerce - Considered 3/17/26
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

SECURITIES: Provides relative to transfer on death securities

SECURITIES: Provides relative to transfer on death securities

What This Bill Does

  • SECURITIES: Provides relative to transfer on death securities

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-09 H

    Read by title, under the rules, referred to the Committee on Commerce.

  2. 2026-02-27 H

    First appeared in the Interim Calendar on 2/27/2026.

  3. 2026-02-26 H

    Under the rules, provisionally referred to the Committee on Commerce.

  4. 2026-02-26 H

    Prefiled.

Official Summary Text

SECURITIES: Provides relative to transfer on death securities

Current Bill Text

Read the full stored bill text 
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.