LA HB489

Amends the Louisiana Uniform Transfer On Death Security Registration Act (R.S. 9:1711, 1711.2(A), 1711.4, and 1711.6(C)) to clarify that transfer-on-death beneficiary designations apply to investment and brokerage accounts, including those held by broker-dealers, custodians, transfer agents, and financial advisors.

Expands the definition of "registering entity" to include custodians, financial advisors, and similarly-situated fiduciaries maintaining security accounts for customers.

Clarifies that TOD registration is a method of transfer that does not alter substantive rights related to Louisiana community property or forced heirship principles.

Shields registering entities from liability when transferring securities to designated beneficiaries in good faith, including protection from claims by estates, surviving spouses, creditors, heirs, and forced heirs.

Specifies that registering entities are not required to investigate succession disputes, determine heirship rights, resolve community property claims, or delay authorized transfers absent a court order or injunction.