Louisiana § 6:1257 Payment on legal disability or death of holder in holder's own right of a withdrawable account

Louisiana Statutes

§ 6:1257 — Payment on legal disability or death of holder in holder's own right of a withdrawable account

Louisiana·Title 6 Banks and Banking

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.

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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.

Louisiana § 6:1257 (Payment on legal disability or death of holder in holder's own right of a withdrawable account) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.