Louisiana Statutes

§ 6:317 — Ownership of deposited funds

Louisiana·Title 6 Banks and Banking
A bank may conclusively rely on any application, agreement, or signature card used to establish a deposit account as establishing ownership of any and all funds and other credits deposited therein, and may consider and treat any and all funds on deposit in such an account as belonging to and the sole and exclusive property of the depositor or depositors named on the account application, agreement or signature card, unless otherwise notified or directed by such depositor or depositors.

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Related

Chrysler Credit Corp. v. Whitney National Bank
798 F. Supp. 1234 (E.D. Louisiana, 1992)
14 case citations
Holmgard v. First Nat. Bank of Commerce
687 So. 2d 583 (Louisiana Court of Appeal, 1997)
4 case citations

Legislative History

Acts 1988, No. 915, §1.

Nearby Sections

15
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