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Code · Louisiana · Title 6 — Banks and Banking

RS 6:1257

135 words·~1 min read·/la/title-6/6-147

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RS 6:1257
§1257. Payment on legal disability or death of holder in holder's own right of a withdrawable account
A. If the holder of a withdrawable account is adjudicated to be a person under legal interdiction by a court of competent jurisdiction, then the savings bank may pay the value of such withdrawable account and interest thereon to the curator of such holder upon his appointment and qualification, in accordance with R.S. 6:766.
B. Upon the death of a holder of a withdrawable account, the savings bank may pay the value thereof and interest thereon to the representative of such deceased holder if and when qualified, in the manner provided in this Chapter for the voluntary withdrawal of accounts generally, and in accordance with R.S. 6:767.
Acts 1990, No. 816, §1, eff. Sept. 1, 1990.
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